Beacon Chain block 96445

Hash

048e91faf53fecec6bde88bb553b5ac7fd36f7eddb092baa7b4dce29948ed242f...

03 Feb 2022 03:34:35 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.