Beacon Chain block 86420

Hash

1d45b8c4ce12b9d35e568e736f43fbcdeaba84ff0b5937aeb317ad9b3051699ac...

20 Dec 2021 14:14:35 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.