Beacon Chain block 84411

Hash

ed61ee294d3124f9d3ff34f29a733d7ecbf85b97fe9ef46cebf1200dfafee3b93...

11 Dec 2021 15:56:59 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.