Beacon Chain block 83633

Hash

a9c90a231dd514fe21ab9a2e0d9cf3526b6487aa3c3835f8b2472bb91712e14fe...

08 Dec 2021 04:57:47 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.