Beacon Chain block 84758

Hash

abad90e3812dcf77c43a8a052d219b89a9aeac86feecef97d5890dcf1c6bebcf8...

13 Dec 2021 04:57:47 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.