Beacon Chain block 93617

Hash

75b32920c32a81d909472774497bd776c7dfada57ff4f1565ad0b23bfad70c542...

21 Jan 2022 13:55:23 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.