Beacon Chain block 90483

Hash

a4823ae342932da92e29dfaaab57d7677cae5f7ff9e74dd6b67baad1704979f70...

07 Jan 2022 15:37:47 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.