Beacon Chain block 82386

Hash

449e0cafc517eacb3cc3ebebb68940f18a578293fb92e54e9e020c826fdd4a201...

02 Dec 2021 15:56:59 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.