Beacon Chain block 82079

Hash

a89fe77b83f82b43858d5f5ec96fa4ce9ccd78046bf4386e900273d4f9934c5cb...

01 Dec 2021 07:12:11 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.