Beacon Chain block 82127

Hash

54cccd1debb5221fbe51605755383d56329c252a95be5533d01b9fc54f99af71a...

01 Dec 2021 12:19:23 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.