Beacon Chain block 96382

Hash

145f61ef54968edb4ee64e629cbaca4f661bb8f1996a6c0d1e2c0660b1c19b2b4...

02 Feb 2022 20:51:23 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.