Beacon Chain block 86069

Hash

5eead570a380e014991b7dba30cf60ac3d3890f969360ed418a0cf123323b7d66...

19 Dec 2021 00:48:11 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.