Beacon Chain block 92529

Hash

11d1f3a7986b5782aebe6503d6237e0749babc597d50f415d2eee5cd3cb26808a...

16 Jan 2022 17:52:11 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.