Beacon Chain block 17

Hash

3b6b52e4ea17c263a57f4aa4feba38694f7d7ff820e582aa78d666e9b7ce09ce3...

01 Dec 2020 13:55:23 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.