Beacon Chain block 87592

Hash

0867f8246a3cf496aafe7ada2d2999e41cbf061ea981e3c24bdc3b417d8b7d3aa...

25 Dec 2021 19:15:23 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.