Beacon Chain block 99856

Hash

3b95a890fa1d8ec51f53e90b405ea087c9b0de90f499d7f346e14f679a8d04df1...

18 Feb 2022 07:24:59 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.