Beacon Chain block 100273

Hash

9047fde603b6d241455a00b86baa0e0a970ff5c10daaac2ed4189ca341f282e2e...

20 Feb 2022 03:53:47 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.