Beacon Chain block 100685

Hash

da2a7c64d2721ef61064cb4e3d3da96952eb8f25314739969bde897d9b8ef4c86...

21 Feb 2022 23:50:35 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.