Beacon Chain block 86807

Hash

89248e6e00dee4a66dbbb92e9879c0980386581e8f39083fa296fee93c33987d1...

22 Dec 2021 07:31:23 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.