Beacon Chain block 1123

Hash

517e743995cbafc7fd9455c16c703eb4b8ad643fb0b06a5947d5ffc915dc993ec...

06 Dec 2020 11:53:47 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.