Beacon Chain block 88723

Hash

31c6856f957020e134fdbcf4930d7801e2287b8b2f79023a7f3568c78bac5003e...

30 Dec 2021 19:53:47 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.