Beacon Chain block 97715

Hash

5e9ddb469ffa8845a77051b94ffcd8c2f1b656cb46484e2dbd6537fe52be444f4...

08 Feb 2022 19:02:35 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.