Beacon Chain block 85628

Hash

b636deece3963dd4c4e84fc2f955e8fa459fba95c00e7ec9dec7217ce44b63aa5...

17 Dec 2021 01:45:47 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.