Beacon Chain block 90663

Hash

074c4bc69117e0c90413e759c69dccd8cfabb21252df566a21d1cb3797315c22d...

08 Jan 2022 10:49:47 UTC (2 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.