Know What is Block Reward And How it Works

In the context of cryptocurrencies like Bitcoin, a block reward is a form of incentive provided to miners for validating transactions.

Transactions are grouped into blocks on a blockchain. Miners validate them by solving math problems to add blocks to the chain.

Once a miner successfully solves a mathematical problem (proof of work), they create a new block and add it to the blockchain.

In many cryptocurrencies like Bitcoin, the block reward is programmed to decrease over time through a process called "halving."

For More English Blogs Click Here