Beacon Chain block 88526

Hash

f1d0f6b1331ba5169f088cecba14833eecd1d180140ce85a0166a1269fa2d4eac...

29 Dec 2021 22:52:59 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.