Beacon Chain block 87106

Hash

1f6f11387924373c75de259ef97d448c3298bdef7ad961b2ec0fb2540bc8fa227...

23 Dec 2021 15:24:59 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.