Beacon Chain block 84979

Hash

55b3fe8efafe1892242a30aa1fc6593a95df12146c99c787ba0746b6011b0cf51...

14 Dec 2021 04:32:11 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.