Beacon Chain block 89047

Hash

b5a255a130a37f4edcd19d6e5a3d16d873e2d1471af6bbd840d0d68b4f78d6023...

01 Jan 2022 06:27:23 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.