Beacon Chain block 3359

Hash

aaad5aad0e8279f519e042d11c4a12704c89cb3cbbbee01042267446e9d1db58d...

16 Dec 2020 10:24:11 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.