Beacon Chain block 83688

Hash

432bef8a571dbd2bf145b85d742b8bd22e98edec377fca5c0542f0eb9a1c0f500...

08 Dec 2021 10:49:47 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.