Beacon Chain block 15776

Hash

a5413c7cee4cf90454ad094e7840beec0835fe54c28c08ea75e7c75260ec6d63a...

09 Feb 2021 14:52:59 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.