Beacon Chain block 16411

Hash

864e9a20ebfa3ee32ffdcbab9632c0fa48bca4ad1b4aee640b5f6f17fb15a106f...

12 Feb 2021 10:36:59 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.