Beacon Chain block 96420

Hash

9d93faadc17b1b707acbb48a87c9c0de86c014a3b2f40a610271de19352a2b970...

03 Feb 2022 00:54:35 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.