Beacon Chain block 89721

Hash

9c9d8383112bbaf13ffc69d9fc549520751af5ac6554d729623c92746048ceeb7...

04 Jan 2022 06:20:59 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.