Beacon Chain block 10482

Hash

20eacb914194dfbbc1f67867ddc7963a6d7e761ae52cffa56c5981cb513045ae1...

17 Jan 2021 02:11:23 UTC (4 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.