Beacon Chain block 83607

Hash

8a939415a17031de6c4f267190a01ff1e8bf5f2b50e16f61ab519d057b4589bae...

08 Dec 2021 02:11:23 UTC (2 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.