Beacon Chain block 7300

Hash

b1bd85f409a6620be7a15950ae44eb08dd7f5dfd9d375dff154bf537e87d34867...

02 Jan 2021 22:46:35 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.