Beacon Chain block 83969

Hash

917b0cc4aba4373917b8e355c9ee33a86c1017c73de005ea564d34e146902dc1f...

09 Dec 2021 16:48:11 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.