Beacon Chain block 93202

Hash

8efba84fe3fdc5bdb645eb88eaf7a032d72e3c44e0a38e49b1e55deba88e20eac...

19 Jan 2022 17:39:23 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.