Beacon Chain block 94880

Hash

409570d31eb3a6dfb553ab23a0aea625cdafa4196639e4f02581318ec52f2a4b3...

27 Jan 2022 04:38:35 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.