Beacon Chain block 93932

Hash

099c0e4f7f3ae2395bc3f835a97f8c54a2cddf6d5d71414e162ee8eaa3a5800c8...

22 Jan 2022 23:31:23 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.