Beacon Chain block 93445

Hash

64de002532931ee66c843fe3d33059525a9bf5be505e51394d36f9c2d4f6865a0...

20 Jan 2022 19:34:35 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.