Beacon Chain block 82404

Hash

07247cc2bc810f6757bb2b5add7a834a2a4ed0c2a0a1f75fc8e286f101efb79a7...

02 Dec 2021 17:52:11 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.