Beacon Chain block 90798

Hash

e9b4cfb2ca87bd483c7618ea3236728bd127235f967885e4088b703aa1d63322e...

09 Jan 2022 01:13:47 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.