Beacon Chain block 98372

Hash

274525c3bef9696d23a00c1c49fb1b35fe4007c789307c98bcc2e1f982a619336...

11 Feb 2022 17:07:23 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.