Beacon Chain block 88222

Hash

e40ee1bcd677da78ceea00c8aec2ccdac65397105bd21d1417ebe901d02abbf30...

28 Dec 2021 14:27:23 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.