Beacon Chain block 89792

Hash

23cfdfe758724d4466c03251b20e3153985cea8ce5fdf9a6d5b5f613b7d3c840b...

04 Jan 2022 13:55:23 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.