Beacon Chain block 85427

Hash

eb5d6fccd8d86989f576e83b22bac72de531abb858a2314e7283a3bce9b3b17f6...

16 Dec 2021 04:19:23 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.