Beacon Chain block 93305

Hash

d9bd73f4e75cb04c348900af94cc722e1b1748a309d5e12480db0cfc117c783ea...

20 Jan 2022 04:38:35 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.