Beacon Chain block 10769

Hash

2edaf3ac481f91b0372be029fc81af90aa6ff2253ef13da5bb6f85b1ce00ab995...

18 Jan 2021 08:48:11 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.