Beacon Chain block 87442

Hash

53d78958e01b3966f9d5b79e81ca01f80b1a419f380e9ee701ec9eed8131d40d5...

25 Dec 2021 03:15:23 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.