Beacon Chain block 94421

Hash

408aec300da8ee89a9b788fe60b4c8dc630c9592f90d4106d54c8cb57700be8c8...

25 Jan 2022 03:40:59 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.