Beacon Chain block 96120

Hash

c75bb14630ac2664a378b14a20ac14d289810b638756bab00ab4e7f8feaaf7ae3...

01 Feb 2022 16:54:35 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.