Beacon Chain block 93760

Hash

5b5e77e550e1455a24b9e2e9e78bdb5c533a75d3377eab3fbcf3ab2e1c1f8d1bb...

22 Jan 2022 05:10:35 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.