Beacon Chain block 86214

Hash

2aa9b4b5c8d969d605de7e97012aee4200d14a4fd35fd9e3359e34e39af624e2c...

19 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.