Beacon Chain block 99673

Hash

00084fb46fb4c8a54d08df2a634cfe122510f421fdcdda50ada9f0ea6b6d8db05...

17 Feb 2022 11:53:47 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.