Beacon Chain block 96671

Hash

6687b131c4e46881321e68b18ec73096d8d1f0de43b0cf642a28637adc50b0795...

04 Feb 2022 03:40:59 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.