Beacon Chain block 15655

Hash

fb9eba70ac928766171d32de2ddce4dc81d398fbebde4f0e454fd896d6ca54b19...

09 Feb 2021 01:58:35 UTC (3 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.