Beacon Chain block 93605

Hash

06b62f18395e63eb2b4bfc4bb83f0b1c8c71571deaed2d9eb772b31a540d3894d...

21 Jan 2022 12:38:35 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.