Glossary term

Block Reward

A mechanism that awards miners with newly minted bitcoin, acting as an incentive for users to add hashing power to the network.

  • Updated August 17, 2018
  • First published April 25, 2018
  • Reading time 1 minute

Definition

Understand the fundamentals, context, and nuances behind this term.

A mechanism that awards miners with newly minted bitcoin, acting as an incentive for users to add hashing power to the network.