A mechanism that awards miners with newly minted bitcoin, acting as an incentive for users to add hashing power to the network.<\/p>\n","protected":false},"excerpt":{"rendered":"
A mechanism that awards miners with newly minted bitcoin, acting as an incentive for users to add hashing power to the network.<\/p>\n","protected":false},"author":76,"featured_media":0,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"_cryptoslate_glossary_part_of_speech":"noun","_cryptoslate_glossary_phonetic_spelling":"BLOK ree-WORD","_cryptoslate_glossary_example_sentences":["The miner received a block reward after successfully adding a valid block.","Bitcoin\u2019s block reward includes newly issued coins and transaction fees.","A scheduled halving reduced the newly minted portion of the block reward.","The block reward gives miners an economic incentive to secure the network.","Analysts compared the miner\u2019s electricity cost with the expected block reward."]},"glossary_topic":[83425,83435],"acf":[],"yoast_head":"\n