Beacon Chain block 96615

Hash

4a9410f7fd934a37760bca32622fa357ad87bacea6f2c387d88b030a9d9e89689...

03 Feb 2022 21:42:35 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.