Beacon Chain block 86968

Hash

8973cc5922b9dc034503f3ab3f11771f6e227664e581a6d0a5e5a4b19fc69fd4f...

23 Dec 2021 00:41:47 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.