Beacon Chain block 97288

Hash

e02f7f3af5b51857a1009ea0b0a9a9bf69238d5a92160c192ad57af81049c1dc3...

06 Feb 2022 21:29:47 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.