Beacon Chain block 92061

Hash

84b99de034857ea45d2bcc5d1d8b85a27bb1b61ca11962dde2ffcb93589de2fb3...

14 Jan 2022 15:56:59 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.