Beacon Chain block 82903

Hash

738e16472a1d57f949a18d286befe16ebe0382e8d38bdb22a81b2e39cbdf959d9...

04 Dec 2021 23:05:47 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.