Beacon Chain block 90614

Hash

e7fbc7b2cae1efe3aa04099769e04d5a4bce2041f8f0a5fddc7332696dbe5745c...

08 Jan 2022 05:36:11 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.