Cryptocurrency Q&A
What is block reward?
What is block reward?
DongdaemunTrendsetterStyleIcon
Sat Nov 30 2024
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7 answers
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I'm curious about the concept of block reward in the context of cryptocurrency. Could someone explain what it is and how it works within the blockchain system?
7 answers
HanbokGlamour
Mon Dec 02 2024
Miners are rewarded for validating blocks of transactions on a blockchain.
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KatanaSharp
Mon Dec 02 2024
This process is crucial for maintaining the integrity and security of the blockchain network.
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CryptoTitan
Mon Dec 02 2024
The block reward typically consists of two components.
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Andrea
Mon Dec 02 2024
A block reward serves as a financial incentive for cryptocurrency miners.
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SsamziegangSerenade
Mon Dec 02 2024
The first component is a portion of transaction fees.
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