Beacon Chain block 92572

Hash

c5618460b6c2f14fb06c57e658572840e49cbd11be603671595a889d81720f5f1...

16 Jan 2022 22:27:23 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.