Beacon Chain block 94237

Hash

4611f90cd0c749599586b0d9b40bf6cc814b9b46f244a0fe377f1d5d0f9da3cbe...

24 Jan 2022 08:03:23 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.