Beacon Chain block 97275

Hash

02aae86bba1c8f6fb843ce7b482d9bce9c75f36867ebe29c7c55964bd3615d84c...

06 Feb 2022 20:06:35 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.