Beacon Chain block 86708

Hash

916beec86db5ecc18f4f6196a9f5760670e715b5d6add902ec5423847a7c7be53...

21 Dec 2021 20:57:47 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.