Beacon Chain block 90353

Hash

7edfb624bd24c6e2a53a92b81b003a52a272910373f325f79a049d5c0143cd9a1...

07 Jan 2022 01:45:47 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.