Beacon Chain block 91734

Hash

b3d8c337fee25c4385af709fed1f3c2e1a321384242cfa20e820357e8911976f5...

13 Jan 2022 05:04:11 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.