Beacon Chain block 83886

Hash

d5f252d6660230fb58fa24f40566e9133f568637b7ca0333d0baa518ae1dee6fc...

09 Dec 2021 07:56:59 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.