Beacon Chain block 86605

Hash

1dc6444065d42240275fc846b0bf87a7181cf4ca9b19825eb44a9abb028cb49a6...

21 Dec 2021 09:58:35 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.