Beacon Chain block 99562

Hash

ecb3c32c1654e72acbb58f255aa006d5b7747530c31c5c818ae3c80a8c6b65bf0...

17 Feb 2022 00:03:23 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.