Beacon Chain block 89339

Hash

e8f63e61455798314febe1474ed94b1e12a34a1f441c15c49efdabf29d9c80ccc...

02 Jan 2022 13:36:11 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.