Beacon Chain block 98133

Hash

b9dfd8f738e26f827113e1efdf041b53015af9ca80d9020c709bc77691d6cc636...

10 Feb 2022 15:37:47 UTC (3 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.