Beacon Chain block 98853

Hash

8b4aa764b3cc05698b95c66776d7752a7e3605121a935f74007ace78f30b135eb...

13 Feb 2022 20:25:47 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.