Beacon Chain block 93550

Hash

c142dd2df4e055fa8105f4cc7af3a20b58953cb3d0ba5b63aed5507be1f3992b7...

21 Jan 2022 06:46:35 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.