Beacon Chain block 85820

Hash

3aafbf94f52e203878af5f3d3be47ed5196d25f6cb2ee0a8e8a5924ae3fd1fd38...

17 Dec 2021 22:14:35 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.