Beacon Chain block 89825

Hash

c85fc36eb5add146c195eb29ed7906afced9249f61614d8ae774862d2e7b38b92...

04 Jan 2022 17:26:35 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.