Beacon Chain block 89745

Hash

50e56bb09b4fd1a9f13f26c027d55b8354184bc6492ef70050034a53552ce2f99...

04 Jan 2022 08:54:35 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.