Beacon Chain block 100844

Hash

6fcc562ee10c565a862e72e11ea5d0ee93ecc5f1184e3ffb067161f3539dc2e10...

22 Feb 2022 16:48:11 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.