Beacon Chain block 85011

Hash

b72fa569685978f8a738adcc63ca42fc0ca545b5a7b8a29298c63f35a3f3663ea...

14 Dec 2021 07:56:59 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.