Beacon Chain block 98207

Hash

2a621126609a6abe44f5d94e47e2f62ea56b0f3a5d10c16706d5b11e5bc45ec5c...

10 Feb 2022 23:31:23 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.