Beacon Chain block 94914

Hash

1b060bae66045a79462debd5af15da4e2e2968897a20e59723e9beb30d2facf66...

27 Jan 2022 08:16:11 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.