Beacon Chain block 90253

Hash

aa21f8b0a13370d44606bf80e75476bb6acc47ef2a9f52aece2e82ed0595d05e4...

06 Jan 2022 15:05:47 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.