Beacon Chain block 98565

Hash

c98a3f6c6a11cf3482fda86df9b8f8fcda8006f8283e7d4eb5492c6d6cbbe56ba...

12 Feb 2022 13:42:35 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.