Beacon Chain block 90254

Hash

a97c6b1e994b411b668d43132adde1beaf0462a9412be6bb2a099505dd45284a9...

06 Jan 2022 15:12:11 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.