Beacon Chain block 94915

Hash

f6b4c5c6d5720fefe8b1ac56dfa25f2e696018c4cad88a4966c95586e63e8b8ed...

27 Jan 2022 08:22:35 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.