Beacon Chain block 96451

Hash

628ab78fee36e36e63e22da232b7778fc3b0d5bba9deb3fc59d761d61aabf7c9d...

03 Feb 2022 04:12:59 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.