Beacon Chain block 85680

Hash

c1a9bc6dda929e1c95e43dc6fcda5d5146223febb4425c2fbdcf195dabeedcbe8...

17 Dec 2021 07:18:35 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.