Beacon Chain block 95952

Hash

80f9a37737b9c3eae611d8e9b88b71e3a3ab4c6a92946a9edac431ea3780804bd...

31 Jan 2022 22:59:23 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.