Beacon Chain block 99429

Hash

579c666bd7b5e430c2cf8038c51829d259ffb5c65596817ef4bb80bfb2f457228...

16 Feb 2022 09:52:11 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.