Beacon Chain block 92040

Hash

6675b0167ada7827b6e555cc254a3a9c5f8f673daa4933b7aae2a736f49cc4e40...

14 Jan 2022 13:42:35 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.