Beacon Chain block 84773

Hash

232ecbb7179f008558d622fe94a67c911ca0813a485c47f9764cdd37ccbd22800...

13 Dec 2021 06:33:47 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.