Beacon Chain block 92595

Hash

50fc528c5b027964ee872a99b2c9e0bb9dfcd1205c22d06d20fd390fc28ff1ce2...

17 Jan 2022 00:54:35 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.