Beacon Chain block 86537

Hash

e3368e9ffdd6ea3f740c1564665e55e01808d891cdd22ee55a63fed100cb19a7b...

21 Dec 2021 02:43:23 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.