Beacon Chain block 95230

Hash

55b58bc8508d746d8eb8892d57df247c1a7d291c32138549c2de0ed5ac74b5c47...

28 Jan 2022 17:58:35 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.