Beacon Chain block 88572

Hash

080ef63eb670eeae3751dc58bcd3ebc1cf4611e9d0f677436ee8fb51f130ba242...

30 Dec 2021 03:47:23 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.