Beacon Chain block 9314

Hash

db42df64b7ee04360893c092536c2e3c2564df100e88199e8fa935e18b30d6d5d...

11 Jan 2021 21:36:11 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.