Beacon Chain block 94016

Hash

84cc3ceeaf8959dea73a507cc80986082ca2ec65e86c948b7f480ca05248c9f2e...

23 Jan 2022 08:28:59 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.