Beacon Chain block 89502

Hash

e7a01cc70def7f0f504c6e2b892f7ac3725820eece7aee9590d91062f8b6e4d4d...

03 Jan 2022 06:59:23 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.