Beacon Chain block 97272

Hash

bd340217a6d2dd3c42fd3db3fb0de04d533cd2838f8707a9a46bbcbe340debc31...

06 Feb 2022 19:47:23 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.