Beacon Chain block 94628

Hash

d8fd48ebc6b6c48b5cb166850861a6926cbd1e8d459062a8806f9a03ff6821779...

26 Jan 2022 01:45:47 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.