Beacon Chain block 86162

Hash

de67baf9f9876a5926e5abc78291afe2bf12b2fa60f7266838245a258938109ab...

19 Dec 2021 10:43:23 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.