Beacon Chain block 82517

Hash

e974775753d83d6318615c9a731c8025ae02e7a6facdeb34a59dd7cdb5f296192...

03 Dec 2021 05:55:23 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.