Beacon Chain block 92862

Hash

c698e2d6f90fad852a5ebeff466e7dc134f6d4ca0b36953b58161b5ca54e59386...

18 Jan 2022 05:23:23 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.