What is a "block reward"?

A block reward is a form of incentive given to miners who successfully validate and add a new block of transactions to a blockchain. This reward is typically in the form of newly created cryptocurrency coins or tokens, and is designed to compensate miners for the resources and effort they put into securing and maintaining the blockchain network. Block rewards play a crucial role in incentivizing miners to participate in the network and contribute to its security and integrity.

A block reward is a reward given to a miner or validator who successfully creates and adds a new block to the blockchain.

The block reward is typically paid in the form of the cryptocurrency native to the blockchain. For example, the block reward for Bitcoin is paid in Bitcoin, and the block reward for Ethereum is paid in Ether.

The block reward is designed to incentivize miners or validators to participate in the blockchain network and to secure the network. The block reward is also a way to distribute new cryptocurrency into the market.

The block reward is typically reduced over time, as the cryptocurrency becomes more established. This is done to prevent inflation and to keep the price of the cryptocurrency stable.