Beacon Chain block 91381

Hash

904b83795a7c19c09bcfa4ee50230710e287de84ce613c4829b1c63ddc0c903f0...

11 Jan 2022 15:24:59 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.