Beacon Chain block 7823

Hash

78725a4d217e1ce39bc450cf8922e1ba45e7eb95200e801945870389143ebcd9f...

05 Jan 2021 06:33:47 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.