Beacon Chain block 90523

Hash

f3af6fbfdfc4cd84456084a621fc3e07926fae0ad1c1613b0003cbb3ce962f0aa...

07 Jan 2022 19:53:47 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.