Beacon Chain block 90163

Hash

f936bec1721cd36781314dd645757230f7122c4d2cb20daf04cd25b1db53777a9...

06 Jan 2022 05:29:47 UTC (2 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.