Beacon Chain block 102161

Hash

4e87f18a862ae3e67b1f88e4fb1c7fb604aaa4449e2ac6a22bfdbb22e3edac4ae...

28 Feb 2022 13:16:59 UTC (2 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.