Beacon Chain block 89299

Hash

528e250af70024e4ad04397c905a801a494e53944e2ac98a79c6bfb0f4f1598e5...

02 Jan 2022 09:20:11 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.