Beacon Chain block 86551

Hash

a644505f9b98997747a8eae1f69f03e3d9ae498832fea8a4cdef5cceb57190f50...

21 Dec 2021 04:12:59 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.