Beacon Chain block 88383

Hash

eaf7eca22decad00c37c4a98379d9bb7e04b6f2d07d7181b8151b6403c32d964d...

29 Dec 2021 07:37:47 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.