Beacon Chain block 97565

Hash

daadf34a1211ebbc4c2c7047c2d5b8701d52192dfdbc2be50b5bef6681f431d81...

08 Feb 2022 03:02:35 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.