Beacon Chain block 83177

Hash

d3cf45254d0c862a5812963063c3caf5bd32ed09982a9d2ece18d617f18a352a6...

06 Dec 2021 04:19:23 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.