Beacon Chain block 87470

Hash

b8653a112bc38897d52b7a6599673ea55f1ee0fc92f7cdf2bb74b7519e25777ba...

25 Dec 2021 06:14:35 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.