Beacon Chain block 99091

Hash

4579f6c18a64bdda498541f2d81e1a1f54d6531818f9ea5fe9d43d36a52b6668e...

14 Feb 2022 21:48:59 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.