Beacon Chain block 97115

Hash

60fa535b0b85e36b698c1d605540682629b5000c63027d6f4a0f5cbb680d6d999...

06 Feb 2022 03:02:35 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.