Beacon Chain block 91637

Hash

7872d42be3e5541bafcb2bf3edb94543f10978f9dd4d6e81743446a96ab7defa2...

12 Jan 2022 18:43:23 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.