Beacon Chain block 82358

Hash

214bb1adbc043fc0bd610cf22e61041b2fb94668763a9f8d341ff71cf12c3c88c...

02 Dec 2021 12:57:47 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.