Beacon Chain block 85658

Hash

362b31e0fc32631451514d4a975961cdf290571d7c13ce7ac74b77d716dcaa87d...

17 Dec 2021 04:57:47 UTC (2 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.