Beacon Chain block 3360

Hash

988c9eae5620097dbfbde29e2afc4f29c63c75cec4aa1da3872dd17f8479eda65...

16 Dec 2020 10:30:35 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.