Beacon Chain block 99585

Hash

66a77d154c119dedb8bb9a077371f3508f1cc4980cfce0f92c447ebaba0ad7ca4...

17 Feb 2022 02:30:35 UTC (2 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.