Beacon Chain block 2207

Hash

858453035d2d96267f8380d3018913bf91feb0f48159bbb13ff869004c61c8c57...

11 Dec 2020 07:31:23 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.