Beacon Chain block 92978

Hash

8eb9f1ebd9c1ef9f5de203efb5d79e46a0ead3513ddf1cdc457d79992b35871a3...

18 Jan 2022 17:45:47 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.