Beacon Chain block 83962

Hash

fc89a3fc618d9ebabb2fc11dfea8920ad5e18c1d022b02e7edf9ff20d6f9b558b...

09 Dec 2021 16:03:23 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.