Beacon Chain block 108301

Hash

7f96b3e12180b62cf1f2139245c9db03878f80561f2cc55023c2fb628797ebd5b...

27 Mar 2022 20:12:59 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.