Beacon Chain block 100902

Hash

0ac39342f92a115674775062e05e8f670ebd5041ff7be32e7eb2bb5807f49d50c...

22 Feb 2022 22:59:23 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.