Beacon Chain block 86281

Hash

b0da4221033b09bda6ea7d054fccf11eff61226b4ddd934fa2a4a9de7d371343c...

19 Dec 2021 23:24:59 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.