Beacon Chain block 95907

Hash

cc439baefb6fe54fa103e7bf710df996637dc3c9d77c0f5096bf8e26486473dcd...

31 Jan 2022 18:11:23 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.