Beacon Chain block 88346

Hash

3107f07b9e7e4841f8df187624786d9b6d18038c0a3a4fdc8e1853c8ba174120d...

29 Dec 2021 03:40:59 UTC (2 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.