Beacon Chain block 87181

Hash

7b2358fc9226882a50f26cef7d448b15ed3d3fba440f0b76016fd166ef8d78a67...

23 Dec 2021 23:24:59 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.