Beacon Chain block 7551

Hash

26dfcf62aa7a9ddd32ddc98cd3e53937da6ccd25f28b47a218b4dead6e62ce89f...

04 Jan 2021 01:32:59 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.