Beacon Chain block 92340

Hash

c24ebcc2466c92295ecf7795918d3bbb984c3f15a67cc0750e48ff1a1d350ad11...

15 Jan 2022 21:42:35 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.