Beacon Chain block 84756

Hash

c5aa07f0a6975e4a526aa8db92e9221f25076fcf6a55034805943b99bbd68fce8...

13 Dec 2021 04:44:59 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.