Beacon Chain block 94735

Hash

78e00e4a82deae5042fa5a3f064a557b86cc1b191ccd1f63cc760bb7b22a3c20d...

26 Jan 2022 13:10:35 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.