Beacon Chain block 100480

Hash

787ed2a5ab5e2c98882edd20d72a7769068b7d486477a209dab24ceaedd0621b5...

21 Feb 2022 01:58:35 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.