Beacon Chain block 90580

Hash

a22b34fcd0a4c65366f516632fa32f999f00d2c96e318236ec9b428a7f61fc98d...

08 Jan 2022 01:58:35 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.