Beacon Chain block 91887

Hash

5bf0c89e19aba0039bf1321be5e9c0b4a8b5f2ed2937f52310394ad8c442e1176...

13 Jan 2022 21:23:23 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.