Beacon Chain block 20706

Hash

ebd848e41da70d1dfddd334f1fff49746d613c9cf566850e6c86f59342748b189...

03 Mar 2021 12:44:59 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.