Beacon Chain block 83539

Hash

141b26bd57f594ead37c8b93bb84c159fae4109c5eaabe0b1774ec36a33903552...

07 Dec 2021 18:56:11 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.