Beacon Chain block 89341

Hash

925e7da78613acb702957f2b2abf1541981d9d0ac57eb6566fa1fa260c6c3de90...

02 Jan 2022 13:48:59 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.