Beacon Chain block 92542

Hash

5d5b81d9813b017d214acd715f23332f075bc1dc4f8d0267d9d02e05c0fdad20c...

16 Jan 2022 19:15:23 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.