Beacon Chain block 94695

Hash

fb64bf0ad02a9c055637698707e655df204c9ca1511fe0619c89a25924e1568a4...

26 Jan 2022 08:54:35 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.