Beacon Chain block 92099

Hash

687379615e37fa50f49d1474f7a867fa5933e92872ae2f089ea6b4cfbc5284370...

14 Jan 2022 20:00:11 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.