Beacon Chain block 92159

Hash

df7ded5fc6d2ed89aef81e2901ca63189053fc4dfebb234ec0d34e5fae85e1ec0...

15 Jan 2022 02:24:11 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.