Beacon Chain block 87516

Hash

27edfa0b2fd5b98615fdb5330a55ac870af6e16e1c38c9d041bef9f5dfd45e7a6...

25 Dec 2021 11:08:59 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.