Beacon Chain block 88770

Hash

f447088b0b7dcc1614cdce7713e93b8aac2aaa7acb7f7c7fba19e7306ccf27e04...

31 Dec 2021 00:54:35 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.