Beacon Chain block 106485

Hash

4e891f659ef5ab04e265a792be1f277c88da4828a74cafee2c8e6da37d4729b84...

19 Mar 2022 18:30:35 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.