Beacon Chain block 11039

Hash

dda80653d4d7a76eb64942ac0762e222186072148021471309da7af5af4ec8a3f...

19 Jan 2021 13:36:11 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.