Beacon Chain block 84389

Hash

35f7f597d0418952c2ce6b453cb88845cb3207dccbe617e24c7731b30edd93302...

11 Dec 2021 13:36:11 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.