Beacon Chain block 18999

Hash

e3fd5155863962ac12f04163dfcb34d120e37e4c96e256ce6d89b58ef13ff615d...

23 Feb 2021 22:40:11 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.