Beacon Chain block 97401

Hash

913b33b1be6a0ca98b91530ab2c50393ce6df9713c9afbc33e6637083b1fa04a9...

07 Feb 2022 09:32:59 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.