Beacon Chain block 84798

Hash

fbe0fe9a12367276552723137be6d2731735c2a9ab54a4f6bd0f49115e88134cb...

13 Dec 2021 09:13:47 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.