Beacon Chain block 104133

Hash

977d635d58d12f227fa04d6b4c9faad94dc92e3e964e2f832e95b59739f11c6d4...

09 Mar 2022 07:37:47 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.