Beacon Chain block 85920

Hash

18d15efae00d3242630ae69fef81c46f80f1bf1014fe16fa9cc38b1744741fd36...

18 Dec 2021 08:54:35 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.