Beacon Chain block 93400

Hash

b5dc1541ecaaf0909b1db56f6c7a912e9576b3b486b59575087d1eec355c14d6c...

20 Jan 2022 14:46:35 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.