Beacon Chain block 89937

Hash

f070293d3c894a37f4c06b182caf4ac91c59774f64382c6391d26579a370e8b2b...

05 Jan 2022 05:23:23 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.