Beacon Chain block 99000

Hash

2a379e96a3e0dfc687a0aaabe1994dff9275d2e694360ddd2391a6de571c1fcf2...

14 Feb 2022 12:06:35 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.