Beacon Chain block 85649

Hash

590d6d8e8185f9d08242fc18e2c6b5d87cc018109afa255fac84d0658b49b45ee...

17 Dec 2021 04:00:11 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.