Beacon Chain block 97330

Hash

ae2b033b212eb7dbaa6a3bca5c23b4e85613ee178feec88f26b0c3189ccacc874...

07 Feb 2022 01:58:35 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.