Beacon Chain block 96567

Hash

9e6a7c4b567228b2ed0fd664661ecc57b3bd6ee92928d49f3d89b12f4ca7a6eaf...

03 Feb 2022 16:35:23 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.