Beacon Chain block 4447

Hash

e06287190d9d2859ecee8d40de830953ea9e13f284bbe81fb04447ad9da6ce970...

21 Dec 2020 06:27:23 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.