Beacon Chain block 81894

Hash

64f7c2d3242f18927df11f33dd6fe5fede4f6817558893bca29f25518aea4f4ae...

30 Nov 2021 11:28:11 UTC (3 years ago)

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The Beacon Chain is a key component of the Ethereum 2.0 upgrade, which introduces proof-of-stake to the network, fundamentally changing the consensus mechanism from proof-of-work to a more energy-efficient system. It acts as the central coordination and consensus layer, managing the network of validators, their stakes, and providing the backbone for shard chains to ensure scalability and security for the entire Ethereum ecosystem.