Beacon Chain block 84014

Hash

942c77022bfbc8fca01f90ceca69c85bdab2ff751e0f0edc49d1c9809bbe98d2a...

09 Dec 2021 21:36:11 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.