Beacon Chain block 83432

Hash

0722bba12bfe8546b635e6dc9ea586a73cb783a9fd73372de6b99edd5abe4b6fc...

07 Dec 2021 07:31:23 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.