Beacon Chain block 93474

Hash

b3bad512a26fb7e65c36e01472e76588a49880083ab3a3e4ccd35a341b1f157fb...

20 Jan 2022 22:40:11 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.