Beacon Chain block 96209

Hash

b8ad10edd25453fb7fb44c26efe78467e244f47cc7e20fc393808e2f3843d54ba...

02 Feb 2022 02:24:11 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.