Beacon Chain block 93834

Hash

c06d5d230ca3fdb9d760c74c9975ac8284785a9f0679b3f17e897d4689a767a6c...

22 Jan 2022 13:04:11 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.