Beacon Chain block 3872

Hash

38d9da225d1099c9a9e403c23fc335e086af4c533b67cbd32b90f1956c96133aa...

18 Dec 2020 17:07:23 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.