Beacon Chain block 86510

Hash

6faf9fb0665ee536dd965b83a4c1c410fbf3d2eb9ef75ae723511088010bd06ce...

20 Dec 2021 23:50:35 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.