Beacon Chain block 98575

Hash

5cc68ccc838353a049f52d6664b80ec9a500a4025b2964a0614557683c9d5a2bc...

12 Feb 2022 14:46:35 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.