Beacon Chain block 98345

Hash

05879e08e923508c4ab6ca87ad3c887273e6438dae8c74cfac8c76d343d875999...

11 Feb 2022 14:14:35 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.