Beacon Chain block 98378

Hash

cba8aea3e494129a69f31d3bf07ebc7d795a3a1c032ebedf878cbfe9575587829...

11 Feb 2022 17:45:47 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.