Beacon Chain block 93419

Hash

bb4bd9aa3d705cf98221b1bd1f5a8f93deacbb2e487b49b5b516fdebe12528db5...

20 Jan 2022 16:48:11 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.