Block reward
Typically seen in proof of work (PoW) blockchains, block reward refers to the incentive given to miners who successfully mine a new block and add it to the blockchain. It is the primary motivation for miners to dedicate computational power and resources to the process of mining.
2 contributors
- Ivan Irakozecontributed
- Vcoincheck.iocontributed
Would you like to suggest changes to this glossary?
We encourage you to actively participate in the creation and moderation of our content—your contributions are invaluable. All content is reviewed by another community member.
Suggest edit