Beacon Chain block 92953

Hash

ec6e243e1c42ff1c6e87f572a7be21a07033517fc50e1ce1909819c08c87eac1e...

18 Jan 2022 15:05:47 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.