Beacon Chain block 98420

Hash

78ab3ea8aa79fe7957472da0c70f1a6bc4bc441ac156ef4916c7652f99cf2b803...

11 Feb 2022 22:14:35 UTC (2 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.