Beacon Chain block 87292

Hash

589f4fd39f5bd035daa5568f56108dd6f0fc424c56d38f34eb281232d5f0fb61a...

24 Dec 2021 11:15:23 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.