Beacon Chain block 89985

Hash

96f2c703f90997222e4476bd38e0d512d66a9bb837a45f48b08d26b7f57d77503...

05 Jan 2022 10:30:35 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.