Beacon Chain block 98903

Hash

9aff7d303bbf01cb96050f01cb14dad05f627b0acec6fc47e540e7a32cee9d8a7...

14 Feb 2022 01:45:47 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.