Beacon Chain block 98379

Hash

fcb8473b743cd3400d4575d51f275e17f5c0af2dbfa9be56e3c171609ba36dc2b...

11 Feb 2022 17:52:11 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.