Beacon Chain block 97773

Hash

7518e7a01d0aa6537c82cd00e17fd43c609f2da56be6b67b13cfe64c66459b08d...

09 Feb 2022 01:13:47 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.