Beacon Chain block 92573

Hash

dc56e3cfa552f24020690709cef9a1d2fdff077a4f6f578c79eb45a95a6d7ab75...

16 Jan 2022 22:33:47 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.