Beacon Chain block 90098

Hash

ae7a29d336f9c44f112da7a8b09692ae492a02a144e6c1cc87fc20157cc6353eb...

05 Jan 2022 22:33:47 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.