Beacon Chain block 100470

Hash

9dfd82c210cf3f99e6f25f5ee16ccd8032e6761cb3564bc55d2c81ea7d11085be...

21 Feb 2022 00:54:35 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.