Beacon Chain block 98894

Hash

5ee4d04a4e542fb564fc80741759425688c6dde82ae49706b656cdc36d51d3f66...

14 Feb 2022 00:48:11 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.