Beacon Chain block 89301

Hash

128e60cac11972983e3ca5ffb5ad5eb15fde9c94c6f08045fd1911d1eaf4680bc...

02 Jan 2022 09:32:59 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.