Beacon Chain block 92731

Hash

ca8af3f67af3e52c4911e8f3ef6082e6c00daa97015540a314b816413bce02567...

17 Jan 2022 15:24:59 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.