Beacon Chain block 96960

Hash

09e1aee055b2c6b4afa0fa80c9e78b47c96b84677d236e29f423cd65af36787d1...

05 Feb 2022 10:30:35 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.