Beacon Chain block 84718

Hash

6159fbd32767344fdf34d0c87ada49a8e23e2b75e4b99854f24b1b7bc71914e46...

13 Dec 2021 00:41:47 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.