Beacon Chain block 91109

Hash

5dc20ee3d3016ad019516a1af6187f25cb42d7623415b722d2058e3c89b17e9ac...

10 Jan 2022 10:24:11 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.