Beacon Chain block 95394

Hash

4203fae60c6f358dad984cc710ac897d99b26a01e3563bf0771bb170f975eb88b...

29 Jan 2022 11:28:11 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.