Beacon Chain block 92730

Hash

1324c5113a9e07a0eb5f5bab73854afde9836256f9fdaa5187ae07bf1b9b644af...

17 Jan 2022 15:18:35 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.