Beacon Chain block 84554

Hash

7eb2ad7fb6a3dc5e5f7117763c9a4e1c8d187a5302b6705fc1620f2737d9526e0...

12 Dec 2021 07:12:11 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.