Beacon Chain block 98946

Hash

2528ab31e103549baf4f294f275c0cbfad472cbedad1658abdc19e6b3d19e421a...

14 Feb 2022 06:20:59 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.