Beacon Chain block 89654

Hash

5b4ac2d03c89a6c0455150ec829c539dfadc1bec6effe68d4565adb9eaae1f281...

03 Jan 2022 23:12:11 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.