Beacon Chain block 20649

Hash

2c80b569a55fce8197f56b23dbd879e13d6b92a7829a2b7fe1a7b6bdcca8ef2e0...

03 Mar 2021 06:40:11 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.