Beacon Chain block 88316

Hash

492c63bbf9a68b72df823fdb4630d4d9a88e4b19bc21e546c7e484288d7fc68eb...

29 Dec 2021 00:28:59 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.