Beacon Chain block 87854

Hash

0c988183f81075ac6296caa091f883fd14d7bed78c676f51eb0c3e361f2c2cc7c...

26 Dec 2021 23:12:11 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.