Beacon Chain block 22183

Hash

bd3c9f68108d7f8e332456d0c9974554124ee666a19c0d2a3a6f27b62923a179b...

10 Mar 2021 02:17:47 UTC (4 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.