Beacon Chain block 98578

Hash

a5780f2836d738501d47ad688a25c2dd6747e4474c81531b05a4e4becbbc4c02c...

12 Feb 2022 15:05:47 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.