Beacon Chain block 92259

Hash

0bf8952839f8889486401d012a8b811784a27fe904f846d2a99a4c91fc7c98bd7...

15 Jan 2022 13:04:11 UTC (2 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.