Beacon Chain block 87753

Hash

05859bb6034e7ea753bda2a46d72310c1ade55dec97cb98e2c50ac49fe93988d3...

26 Dec 2021 12:25:47 UTC (2 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.