Beacon Chain block 98203

Hash

5b85ffce34d1ff918b2ebd1e3f0f2871d79d2300060daa07b15b354cfea09221e...

10 Feb 2022 23:05:47 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.