Beacon Chain block 94615

Hash

9ca8952e1140ce83ca8701eeafa14c0b7da0f2b643fa25e96cf844beba668cb2a...

26 Jan 2022 00:22:35 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.