Beacon Chain block 82247

Hash

d7a923d5563f566513959a151491306a4eecccc28df48bfc5cfc200639b34ebd5...

02 Dec 2021 01:07:23 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.