Beacon Chain block 99557

Hash

efab489cc29f0ba09138a5921a44f9ba970984a4f202b291ed10bccf79a68a29e...

16 Feb 2022 23:31:23 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.