Beacon Chain block 84775

Hash

49da4624064d19aa3d15a9fb0188c62d8252e9263314cf3136a08ce3bc5890e2e...

13 Dec 2021 06:46:35 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.