Beacon Chain block 84267

Hash

0924a37ef5635e3674d265ad0e716da816a5c20ee3e2f1c6de8149db6235a1974...

11 Dec 2021 00:35:23 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.