Beacon Chain block 97117

Hash

63a7012bb1a8c9955f19e7fee28c9c8b0473fda9cd86c4ffef89cc17ed31e315c...

06 Feb 2022 03:15:23 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.