Beacon Chain block 83461

Hash

1cd9dc691621cee71a08775a49ac6028a604a7cdece61d4a3c0c97f8ce4ad7b50...

07 Dec 2021 10:36:59 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.