Beacon Chain block 98965

Hash

9313caa7d4c69d7944708ec6cb71f9cf48457bf293588a9228197bb9b9e6b18f7...

14 Feb 2022 08:22:35 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.