Beacon Chain block 89208

Hash

a02d76753f9a8d54e40db404d12e3bb55dc8bfbcc4896c6639eacf6f072d401f4...

01 Jan 2022 23:37:47 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.