Beacon Chain block 92223

Hash

f8491b4fb6b69f3f57874ee1e44c9aa7887dcb21a592b123e38501d79c51b1998...

15 Jan 2022 09:13:47 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.