Beacon Chain block 100803

Hash

5b335aaad73b5a629ef3640c0856fdb5c74e5126229c2698329c93f24b79709a1...

22 Feb 2022 12:25:47 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.