Beacon Chain block 90873

Hash

cb1de4eec2b539c22fea254241051bb902443dc9236e8e5fce493274b68351ca7...

09 Jan 2022 09:13:47 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.