Beacon Chain block 99165

Hash

a58376f25764bc1add9619cf88ca916c7914d02c71da8ec2848e1848694ccdc8a...

15 Feb 2022 05:42:35 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.