Beacon Chain block 85051

Hash

ef3b95ecb4121629d186392c0590f94765d9809ddfd5d4dfc5590566223a98212...

14 Dec 2021 12:12:59 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.