Beacon Chain block 91422

Hash

ec97f1d790c42ebdfbe5da3432229e1bd1935117ee7ccc24049b68e8913174fe0...

11 Jan 2022 19:47:23 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.