Beacon Chain block 98706

Hash

de32b314c89e3cbd44eb4c51a04e5b7144511a34cad9b811fe9d34fe14ceb23aa...

13 Feb 2022 04:44:59 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.