Beacon Chain block 9359

Hash

9229d4b79e6d3bb85fb88f8de3ce48189182f029ec2ed63a4f54153993825fd12...

12 Jan 2021 02:24:11 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.