Beacon Chain block 5034

Hash

c4af3cb51423d00c77f84c91f0a5a05076f22e59dccc56de3412701421f4a8918...

23 Dec 2020 21:04:11 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.