Beacon Chain block 13311

Hash

da16093c96cde39a9be52e1c2ca5a88cbc2afba88183dd0a00b993c4d62b46c75...

29 Jan 2021 15:56:59 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.