Beacon Chain block 14304

Hash

92e798ea6c316866c6839b9d9f5d0c00472b7a5c3c6e7e5ccd85976870a2edff5...

03 Feb 2021 01:52:11 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.