Beacon Chain block 89435

Hash

5828e087a249b0e6189e6b9769cfa9399e089d2f3391f7df6c83c2b82a25e44bc...

02 Jan 2022 23:50:35 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.