Beacon Chain block 91257

Hash

ec929a591044a4dfe34c6103a6b49b27a47e6128470ffdc2d89df2ffc07412c70...

11 Jan 2022 02:11:23 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.