Beacon Chain block 92068

Hash

82a29bfbffbb6646a344ce9f2d22b7641db829df02fa31d865a6f2b566487369e...

14 Jan 2022 16:41:47 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.