Beacon Chain block 97798

Hash

999119d73b8cad9313fe0fae85870647a4b849c9ff4c6b9e1bd8edc99cbe561ea...

09 Feb 2022 03:53:47 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.