Beacon Chain block 91198

Hash

e983ae575d8382d174935c6d6b9bae704a1973fe5a24e7b69061cd236d7656c9c...

10 Jan 2022 19:53:47 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.