Beacon Chain block 99161

Hash

f4b8cff88a5e6e9db6e0f2a55e63a0ac9a38a2e34bfd719bf1265256449371af3...

15 Feb 2022 05:16:59 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.