Beacon Chain block 89306

Hash

eff991ddcc2cd444a1178f6ad623d9d7ec8c98944b8d767aacefa4e06fbe8dc8a...

02 Jan 2022 10:04:59 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.