Beacon Chain block 94883

Hash

9a2031ddc480a4da83abc518aa84ce231859f8d4d6fe6f77d263d016865068b0a...

27 Jan 2022 04:57:47 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.