Beacon Chain block 84221

Hash

9cbe3c8a7217df676fa8443d7f453f1685f3015187eaaad66171da5c42d4ec061...

10 Dec 2021 19:40:59 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.