Beacon Chain block 90818

Hash

3fcefe8f0ae9a0c2128c0631834072ef7fa4e840a897f0ae3d0f5669712fbf294...

09 Jan 2022 03:21:47 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.