Beacon Chain block 96751

Hash

ddff9e698d62f596220b70f3b0fda017c3ee4e5bb9a59b18f1fc55e68f1a1f2fa...

04 Feb 2022 12:12:59 UTC (2 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.