Beacon Chain block 6619

Hash

0e743ad183298e40a5d9a7b41bbc3c403e36a28625dcc0bb95dcbed57df7d8caa...

30 Dec 2020 22:08:11 UTC (3 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.