Beacon Chain block 93004

Hash

66f732f2e7bb07e9bd8401dda59617fd329db94bc3d201aa089ad647e20c37cd8...

18 Jan 2022 20:32:11 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.