Beacon Chain block 98764

Hash

603e1d7bf4c176c8a3abb0454a24a1ff97b00e3dfdf7325a210194d7997d67ade...

13 Feb 2022 10:56:11 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.