Beacon Chain block 96685

Hash

6764c3055af9304546fb472ea56e5f463dd03ad2f24aee8aeb68f72bb7b2eb204...

04 Feb 2022 05:10:35 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.