Beacon Chain block 94069

Hash

496b3de6023e0478aca20a68845e9d97f7bef92cc3b97c1981c485c30a9b65722...

23 Jan 2022 14:08:11 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.