Beacon Chain block 97219

Hash

4d43f2b11a1a0bd46301e1c28b7347bbccac3a5a6e458e87d5c6c5f377af4c3dd...

06 Feb 2022 14:08:11 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.