Beacon Chain block 86331

Hash

f00982d1101487a90d263ff2f3895a399b8e9847deb4109e620c5bed1e782ded7...

20 Dec 2021 04:44:59 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.