Beacon Chain block 86419

Hash

5bb388e253a9ed40e59dd9fa89ce523f9be96304b03015441e136c5437c5310ba...

20 Dec 2021 14:08:11 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.