Beacon Chain block 89797

Hash

e7f778f6fcc25de261a96c688724fb67775e9100b97369077b45de5f6b9700ac4...

04 Jan 2022 14:27:23 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.