Beacon Chain block 88478

Hash

8b01bb28a589bb64b0073148b9be73935a598e59e3d34f713f1590d01478f4a96...

29 Dec 2021 17:45:47 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.