Beacon Chain block 92760

Hash

861547dbcd2a6eb2782ac4e13a0b178f2dee78f3d2bbf315ba92fd26aa815f6d7...

17 Jan 2022 18:30:35 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.