Beacon Chain block 100638

Hash

1db3777f8bbd4fa44396b3bddb63741ecaeba3f462bbb6c5d24ded707c5cf6f90...

21 Feb 2022 18:49:47 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.