Beacon Chain block 85918

Hash

3c07e260561cbf3697c64ed1a59068fdb1974878ecaac7aba3b30ccb2509e5b85...

18 Dec 2021 08:41:47 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.