Beacon Chain block 84426

Hash

b9f01c3b53707ad60cb7948e0b0831ef06d49908b8a3866a1a49e74c50ec34b61...

11 Dec 2021 17:32:59 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.