Beacon Chain block 89300

Hash

ceefdc47cff6e1ecaa85fb0f8fc6ab290812d642c6ac51b82bad08ef139412da0...

02 Jan 2022 09:26:35 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.