"block reward" refers to the prize or incentive given to cryptocurrency miners for successfully solving a complex mathematical problem within a blockchain network. It is a form of payment or compensation for their computational work in verifying and validating transactions on the network.
Full definition
Similar and related words and phrases are presented below.
«block»
«reward»
Related phrases
Sentences with «block reward»
- The platform plans to include a treasury system that will be funded by keeping 25 % of block rewards. (crypto-lines.com)
- As an example, the current block reward for bitcoin is 12.5 tokens. (fool.com)
- The possible reason is the expected drop in the bitcoin block reward subsidy pushing bitcoin miners out of the industry. (coinfox.info)
- (see all
sentences)