Beacon Chain block 96357

Hash

37806c0f1ad736028bbd656afca74d51cd667ec0a2cfb841474bb1376f278298f...

02 Feb 2022 18:11:23 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.