Beacon Chain block 86872

Hash

93a91d89c86a01e7a38acb13d28c0fa949fdeed59635d0795787cc46c8844bcb5...

22 Dec 2021 14:27:23 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.