Beacon Chain block 5474

Hash

bbe2638608b1edd01a7c72b35a7671448dd99defc754769c61b95cb127f240329...

25 Dec 2020 20:00:11 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.