Beacon Chain block 88509

Hash

d59ba25d6153ef836ca7f85b4738ab4e3cfd776196c6ad897468ce72df454d242...

29 Dec 2021 21:04:11 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.