Beacon Chain block 90233

Hash

f79f0b4895c465a7f4746391543f16392f90cab1c4287216ef3ca7132dd242d9c...

06 Jan 2022 12:57:47 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.