Beacon Chain block 91795

Hash

3139ea6d75b675ed8d7e18c7711c2bcdaefa7fc9cc44b2c9c730e8264b3739e9a...

13 Jan 2022 11:34:35 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.