Beacon Chain block 9419

Hash

f60e2fb6892311c9be676d566d13ce641b0e0010ae899dfdfab175212d5260e1d...

12 Jan 2021 08:48:11 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.