Beacon Chain block 83603

Hash

0e167e6d2a69d12d6c38c321ee6dc4aba02a6db947b0b56410f14005968dd220b...

08 Dec 2021 01:45:47 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.