Beacon Chain block 89751

Hash

378dd3e2a258530f54d0837d89c2ab706d85b117cbf5dbcfe9e3e544df711ee60...

04 Jan 2022 09:32:59 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.