Beacon Chain block 86113

Hash

1d5507a049810d15ab5aff341dd61efe6590bd8fed836c20a8319e0d4120cf213...

19 Dec 2021 05:29:47 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.