Beacon Chain block 96280

Hash

993bcddf6b506431207d5813c924fbbaaaebc89b6d5615cbf89f00d51ac908b12...

02 Feb 2022 09:58:35 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.