Beacon Chain block 88512

Hash

3529d218cd6f684769df4ba48403f5b614c4dece21f0bf440b0d19b99d2a615c8...

29 Dec 2021 21:23:23 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.