Beacon Chain block 82793

Hash

6cbc25f5ed7f992a691108215d91ddbe2da1ada1a1bd03a119f73dc0115208f51...

04 Dec 2021 11:21:47 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.