Beacon Chain block 98588

Hash

241aa21803fe61e99db39258839a9b28c287ab8dc5c8f33afa9f032e5b7d02ab3...

12 Feb 2022 16:09:47 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.