Beacon Chain block 83510

Hash

498b2f4623c6c158cac03e10bcf63aedb5c6fdcf3da9c801d027082527a5eeb1b...

07 Dec 2021 15:50:35 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.