Beacon Chain block 97677

Hash

56f2131b2aec44ee1cf24d4af7b590bc5f7d5b128fc8a9fed2aa26f3fecb8fd4b...

08 Feb 2022 14:59:23 UTC (2 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.