Beacon Chain block 89832

Hash

652cbd1152ee770557e0731ee3888a595b8991c8950427600ab94fdd2fbf3883a...

04 Jan 2022 18:11:23 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.