Beacon Chain block 88341

Hash

6dfdead682cd4ed483099877cb0a9ff6c15596c02a3a1103eb8e86ef4526b192b...

29 Dec 2021 03:08:59 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.