Beacon Chain block 92593

Hash

59d3acddae430b1cead4b436324c96e813e96d531c0aca363e0578d62fa2467fc...

17 Jan 2022 00:41:47 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.