Beacon Chain block 92359

Hash

1329ef0a5ff8057d4c04d5841dbbea3ea207e9cc4633453aa8714c65c4254d1dd...

15 Jan 2022 23:44:11 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.