Beacon Chain block 84991

Hash

a55817fd4f2597dc9511538c7afe90b04c338f69fd3b6a67082c5672e89e0712b...

14 Dec 2021 05:48:59 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.