Beacon Chain block 3234

Hash

4965d3365fa4bf9dafb435bf871fe288f456fe7dcc311a1109919b19ab847a59c...

15 Dec 2020 21:04:11 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.