Beacon Chain block 105235

Hash

c70b3cbcbfb795bf3e3b7e4c4903285c93a0a31585df1a4ef2e645b2af8e13ed1...

14 Mar 2022 05:10:35 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.