Beacon Chain block 88457

Hash

fa871e35918870e52bd0113e9689cac23de2e91337100f7ffb162fc86470cc1ca...

29 Dec 2021 15:31:23 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.