Beacon Chain block 98883

Hash

895c2748cc3c28b1f4570bf1305058140b9a8cf83b581a909bd6bab28fea5e8db...

13 Feb 2022 23:37:47 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.