Beacon Chain block 98662

Hash

efcdc2ed07e388bbcf847d38135d66e9d05a99f3bad27f6a53fb28e61d06bb0d2...

13 Feb 2022 00:03:23 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.