Beacon Chain block 89497

Hash

6eb8204d59314b4876c889c2244ad6247fced5d9de514ff74c15ae36f926e6006...

03 Jan 2022 06:27:23 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.