Beacon Chain block 97723

Hash

927121a606ba78e88604d0ab1831214ab3c1008d0b6466ab04c6b85f0ab8adb19...

08 Feb 2022 19:53:47 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.