Beacon Chain block 88766

Hash

0e9e0abc414cd887c0c720ba571d03dee1d974107444a130f44b5b1d48921dec0...

31 Dec 2021 00:28:59 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.