Beacon Chain block 82718

Hash

167c84644e25bf88c900967d81fc8af6621fa26af45de5d5a3182bec06ab95864...

04 Dec 2021 03:21:47 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.