Beacon Chain block 93879

Hash

ca4b5f038aae6d68a04a54ecb1d502e7af1e99a5cd2b6c17cfd64ece1d3370b87...

22 Jan 2022 17:52:11 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.