Beacon Chain block 84988

Hash

4970f3afd87c9243fdadf8b1dc2b9be147df1df925780f5e16395e3aa8e085b01...

14 Dec 2021 05:29:47 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.