Beacon Chain block 94274

Hash

37cd08bc50bb80167b51ae8ab32750ab563ffeeada36c1689a0ed22128101308f...

24 Jan 2022 12:00:11 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.