Beacon Chain block 96215

Hash

fb54b6bb04ef3da5e172b633d7050575d45d5e4e82687c6d094028e9a4fa3e79c...

02 Feb 2022 03:02:35 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.