Beacon Chain block 87327

Hash

3b4c171d202e3d14339d47be752f27a91c9bcd327e5830d8f1ed9951b617445aa...

24 Dec 2021 14:59:23 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.