Beacon Chain block 108671

Hash

c8054ad376fb98b373c2ac8bbc5d4f0aa4a4771f373bef0622ff6470378de5d9e...

29 Mar 2022 11:40:59 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.