Beacon Chain block 90402

Hash

ee448aa2944b5284049f4436b9759a06a0be0fec375fd8401d9473408e16d06ff...

07 Jan 2022 06:59:23 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.