Beacon Chain block 102785

Hash

447d1a578c2825d4a07c6e738498631df3df22f66f6e1f04ebae8da64a275134b...

03 Mar 2022 07:50:35 UTC (2 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.