Beacon Chain block 98850

Hash

c2be0e737435e32b3a8c0fe5e5b1c1137dfa0c4b6e381626e838e6bb4892087a4...

13 Feb 2022 20:06:35 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.