Beacon Chain block 10851

Hash

c3938e21fd2540d169252226b96da8f006ad4bee5d6e6172f2fd4d92a5c94c6e4...

18 Jan 2021 17:32:59 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.