Beacon Chain block 86870

Hash

b0b82c69c7f942a0ed827d16518850b1c4efa7b98edc981f4ee4cf15924ef37b6...

22 Dec 2021 14:14:35 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.