Beacon Chain block 98982

Hash

6f16656e7f544c89f975a0734be0d57a91501af3f6f1e7ddcffebcd31711abd34...

14 Feb 2022 10:11:23 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.