Beacon Chain block 94538

Hash

ddbc71a09e70fa0d89cfa427fc074cbe1e80b2456242fc894bdedbe8671e311c6...

25 Jan 2022 16:09:47 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.