Beacon Chain block 86822

Hash

0e4c9aa98091d44287af56b0598502dbe94627b1497cc5f0deafccae6249e845c...

22 Dec 2021 09:07:23 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.