Beacon Chain block 93864

Hash

8f07c44cf7233ea4ad8892692bb8d95f108194e87f95a60bdff42138238fc28d8...

22 Jan 2022 16:16:11 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.