Beacon Chain block 100201

Hash

f18f8fd3596fdbf814c9935dfc9b4cb323813e9b512bcf9c6b4bb0ee67e18498b...

19 Feb 2022 20:12:59 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.