Beacon Chain block 92878

Hash

04d3984095e7a74862ac46785acb281aabb3e7e8bdf8c02980383dd4c253ef20c...

18 Jan 2022 07:05:47 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.