Beacon Chain block 100643

Hash

2917667baca9a52dd61b00e68b6a532eeef84a951a32070bf1242d15d90fac883...

21 Feb 2022 19:21:47 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.