Beacon Chain block 97669

Hash

987e56de2d6203f32754a6497f4c97a3991d85090e2746d2380dd67628087236d...

08 Feb 2022 14:08:11 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.