Beacon Chain block 84515

Hash

49286d7abcc479967312e23e8e8854aff4a839ee8bbfd69dbdb3c6ba85bf5d2b4...

12 Dec 2021 03:02:35 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.