Beacon Chain block 85989

Hash

82ed76926ec03e24a01aa9e3b973a8b972f1aae68a338564d489b3e6e663047f7...

18 Dec 2021 16:16:11 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.