Beacon Chain block 85409

Hash

d4bb23582f1f60a8e22a82769af3c1b2a9fab20d83a8e2eab1a9ffb1474275d2c...

16 Dec 2021 02:24:11 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.