Beacon Chain block 100019

Hash

3bb49d717b25e749f9f5948fb7fe317105fbdce688628c4fffe460c4f2c388d14...

19 Feb 2022 00:48:11 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.