Beacon Chain block 89923

Hash

afb960c87a4a9ad6f70cfeb5a21efed894364c3f23dc521f99e32ec471f1babf9...

05 Jan 2022 03:53:47 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.