Beacon Chain block 91626

Hash

ca3e20ec8eea469b24bf0e55fdc54dea3ea1284ddb4e23a05b4a7a3a967a073f4...

12 Jan 2022 17:32:59 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.