Beacon Chain block 95976

Hash

57b99cdb11bbd06e3da7a1d0c3c8ca65cdd391d9aea6f84846253e4d962268d33...

01 Feb 2022 01:32:59 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.