Beacon Chain block 94216

Hash

e4baa6501ec64c6cc542bf7dc62b2f4d6b9dbbf0dc1ad5f1551a22ea196aeb269...

24 Jan 2022 05:48:59 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.