Beacon Chain block 86022

Hash

b4810e8a3953c0ceef4de2426559d04b90bac4979b624a4756c7a9fcbf3fb7c68...

18 Dec 2021 19:47:23 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.