Beacon Chain block 100722

Hash

a78f24b26312ce2e67c8387e68f3c14cbf17f99a2ead2ba740c4b895064f945f0...

22 Feb 2022 03:47:23 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.