Beacon Chain block 100171

Hash

0d9ab2c3b5593e9a24ab5e786ed2997a34ee621e7dd10e1c33de0430b20998aab...

19 Feb 2022 17:00:59 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.