Beacon Chain block 87928

Hash

c50548bb2357bdce42e72af1feafe2616b9601ff0d3c729f224c1f9fd24c551d0...

27 Dec 2021 07:05:47 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.