Beacon Chain block 86512

Hash

f3d708c0c5701b27dce9ce8c3b5a0b5e3cfdb611a88a03b096ea198c38d0661ef...

21 Dec 2021 00:03:23 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.