Beacon Chain block 94292

Hash

ea6d80393835a01f45f60589cce37b439d611726f8d78d6b5ebb433fc6e98a92f...

24 Jan 2022 13:55:23 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.