Beacon Chain block 1826

Hash

51283ee91fe5b1a35200515d8d3b8020a8ac8dcb2dd317510f12389707ed7807b...

09 Dec 2020 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.