Beacon Chain block 96059

Hash

5b0cf06292e8a1ef463a4a38f923a54931ef93c58779b151c46dbecdd77f6f649...

01 Feb 2022 10:24:11 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.