Beacon Chain block 3039

Hash

e4b97e576ecf6ae401ed768fff9383e80ea8fe850a3cc17c34f74f7bbc381fa4a...

15 Dec 2020 00:16:11 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.