Beacon Chain block 98157

Hash

6d4ae07b34cb5427d9b44b087236d975edd45dcd709311a56f2fe578c53f7e599...

10 Feb 2022 18:11:23 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.