Beacon Chain block 88829

Hash

a565704f6dc4ff784b0d88b5f338321f5e4da78d828df6dcba80767a481807e2f...

31 Dec 2021 07:12:11 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.