Beacon Chain block 88232

Hash

25d09e0f2a206857118809758ffcbf923a47f1d400d1a2fcc376916b0703172b5...

28 Dec 2021 15:31:23 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.