Beacon Chain block 97397

Hash

7b59076f1d34021aa3474b4834e9e0f615446371a7e1f016d056d74ff5cb2bf53...

07 Feb 2022 09:07:23 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.