Beacon Chain block 87609

Hash

ca2c11019addf577e45683217084f6c1fb6f94d37aa093b4f6c180349711d8a67...

25 Dec 2021 21:04:11 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.