Beacon Chain block 89165

Hash

f5bb7450c1d2a0dd114981041285b6ac976819640fa9f382206423d8fca1c880d...

01 Jan 2022 19:02:35 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.