Beacon Chain block 81923

Hash

d6b0e8e8f5c1c6e7746b8cea55a78da7b7416d12f3359510076a704a7490d67b4...

30 Nov 2021 14:33:47 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.