Beacon Chain block 97731

Hash

74239cad1c6fabd334f2ee56ca5599a0f0018217bd6836457d1ef9788819b6762...

08 Feb 2022 20:44:59 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.