Beacon Chain block 99495

Hash

3883c74db7227e19bdbdfdd02534f1c0f171271d8b45efb27c8bd942527bbfd55...

16 Feb 2022 16:54:35 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.