Beacon Chain block 93920

Hash

e18490a44e59ff9fd327240c5752ebf7688a6c8c1945be31b8fe3a90fdc269dc4...

22 Jan 2022 22:14:35 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.