Beacon Chain block 93138

Hash

176e1ff49bdaf6203a8538df585c57349c2f038aefd7194a745f83a641e69f5e7...

19 Jan 2022 10:49:47 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.