Beacon Chain block 86663

Hash

e20ee76854d70d8a8814d4daad5ac37c3e40a4e5f302eb42b60489260fe9c2f86...

21 Dec 2021 16:09:47 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.