Beacon Chain block 91688

Hash

8b479811cb4d40c1f3593083a957d4fc5e3fc889fc0301491011adf0e6b4beeed...

13 Jan 2022 00:09:47 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.