Beacon Chain block 89773

Hash

84327e78733a113e0730726b4ec44bbefbc60ca3bcf7855c9a7cfa15f8ffdeaef...

04 Jan 2022 11:53:47 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.