Beacon Chain block 6680

Hash

ce86774a3f14025430960ce6fb6fb0a6729e8bc6050cc228797c21393398c40f8...

31 Dec 2020 04:38:35 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.