Beacon Chain block 86455

Hash

03e0cecf76ab11b9e9fe03ca3e6f1efa12459e1ec0269554fb2749de1c4fb0cd6...

20 Dec 2021 17:58:35 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.