Beacon Chain block 84266

Hash

88956735933d9385b46c32d93d178966aeba8ab5ce94e23a98751f879d791c49d...

11 Dec 2021 00:28:59 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.