Beacon Chain block 89724

Hash

ed2621bcee03d634fbc41fe87d22529c3e2a56a1c2ff5f8f65ac1d692993d3769...

04 Jan 2022 06:40:11 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.