Beacon Chain block 83769

Hash

b18f566fdfd60c255328178b3ef4a0f9971b754257d84fc486c3ebf06f9482863...

08 Dec 2021 19:28:11 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.