Beacon Chain block 98983

Hash

a61a43e47c787b9565965c8c1164da53b3a929a57d9e3066ec0741565bb95d64e...

14 Feb 2022 10:17:47 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.