Beacon Chain block 98880

Hash

8a628ba355f78c2f12746212e74ddd2f9cfefdf410949e284fecee46cfd5c76b6...

13 Feb 2022 23:18:35 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.