Beacon Chain block 88247

Hash

74b9a951e8dd6cb065e110f930f5ad0915b3f979bc690c84a5fafd80b92a759f7...

28 Dec 2021 17:07:23 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.