Beacon Chain block 92217

Hash

cd3503d614d2610a51b96d3c3267b7cd67fcaf2aa81e452f6de24fcbb544e36ce...

15 Jan 2022 08:35:23 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.