Beacon Chain block 92393

Hash

676166cfb5a88d0d5263eb2f0d0bbe88e0c0ef30bb0f115db0975e97a895f80c9...

16 Jan 2022 03:21:47 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.