Beacon Chain block 2591

Hash

1666614cdb88525b77f541a8c28f457d98cdb437d1e19aaa724a975014117d35d...

13 Dec 2020 00:28:59 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.