Beacon Chain block 83770

Hash

5e0441b6b083c6b342c74be5fc68cc79e124b9bd6781bc97ac3fb7bf411b0b0d7...

08 Dec 2021 19:34:35 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.