Beacon Chain block 95317

Hash

e1b6ddc44c053c98b042d2fc7d09876fdf0808063315c160c65640317b96419f6...

29 Jan 2022 03:15:23 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.