Beacon Chain block 83899

Hash

fa94e99fbcbe265142e7f0654d6634d64c670c889ae223512761a7ec0b90d753b...

09 Dec 2021 09:20:11 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.