Beacon Chain block 98931

Hash

0784a902e0c05cfbd90600499e2dff41f5f100c9b97481f55b8a2234bd95cc563...

14 Feb 2022 04:44:59 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.