Beacon Chain block 91070

Hash

9751f7a2b0b7766e7bf80215e482f3e2fec2a17d4cc7d6aeeeb00269b35e50502...

10 Jan 2022 06:14:35 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.