Beacon Chain block 17699

Hash

f686f05f3e37d86831db7acd0dbd4e1da5924e8f6fc2827a7de9291894ecec717...

18 Feb 2021 04:00:11 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.