Beacon Chain block 84286

Hash

14293426677b27960c0f533cc4c918d0acc5f8b76eca9805d49b87907f6ed0d7c...

11 Dec 2021 02:36:59 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.