Beacon Chain block 82741

Hash

7cb963ab0abbc033769d7ad21b4138071362a70fb5405900d3ecb5585fbe3b7cd...

04 Dec 2021 05:48:59 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.