Beacon Chain block 93697

Hash

bf73bef7c5ad41ac8fcd0387024cf9a835e9df6e4dd16df781c5fbb7766aeacf3...

21 Jan 2022 22:27:23 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.