Beacon Chain block 82498

Hash

70013b59c5496acd8a5663656ebb1b47f395dcffb0166ccaa3c3e4cd871caeced...

03 Dec 2021 03:53:47 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.