Beacon Chain block 95233

Hash

fbe4f957a3de7b59282b6cf124dfa6e312d983ccfae3b095d7d609e2d818030b7...

28 Jan 2022 18:17:47 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.