Beacon Chain block 88003

Hash

6e33b5a29fae5579fe568e4c51a851182a23d7c5a677c1aeb280fa9522bda2136...

27 Dec 2021 15:05:47 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.