Beacon Chain block 100866

Hash

bd0a76f9cf296b30e6cf1eea83972a805d28704f6cbd161705569da1c3bbbfbe9...

22 Feb 2022 19:08:59 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.