Beacon Chain block 89428

Hash

d8ced4b2448b9f06d92d3d2e110a733b92fe7e999ed0fc5839ba8aa404eea0ad4...

02 Jan 2022 23:05:47 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.