Beacon Chain block 87366

Hash

4be963b62dbf49224a455d0ed130d9862eb97d133eda93cbc43b879f8ab541192...

24 Dec 2021 19:08:59 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.