Beacon Chain block 104563

Hash

4ed8ef2437ce750e480b98a75786f158c79857981ed3e0481d3e55bebc6a36de7...

11 Mar 2022 05:29:47 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.