Beacon Chain block 83629

Hash

ec633d2c60bc581877c688166b56895e045dbd9c0d37dc7bfd3058fee37308f45...

08 Dec 2021 04:32:11 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.