Beacon Chain block 91564

Hash

53502ceace81d6d241e07f05e2d10579f8f6b295ec2baa9ce1f6ac0fef4bebeae...

12 Jan 2022 10:56:11 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.