Beacon Chain block 93508

Hash

faf83404f18f92f1185857a96a7db577c1a83d7e9cc138b7d22395b1e015a4450...

21 Jan 2022 02:17:47 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.