| Name | Price | 24H (%) |
|---|---|---|
Bitcoin
(BTC)
| $6,733.56
| -0.92% |
Ethereum
(ETH)
| $141.08
| -0.34% |
Litecoin
(LTC)
| $40.42
| 1.26% |
Tezos
(XTZ)
| $1.67
| 0.53% |
Monero
(XMR)
| $52.78
| 4.23% |
Dash
(DASH)
| $67.47
| -0.46% |
NEO
(NEO)
| $7.02
| 0.51% |
Block Reward
The compensation that is paid out by the internal incentive mechanism in order to keep nodes/miners interested enough to continue operating on any given blockchain.
A Reward is typically paid out in the form of newly minted/ newly generated cryptocurrency of a network. Rewards are only paid out to users who participate in a network’s consensus mechanism.
For example:
The block reward for mining the bitcoin block is 12.5 bitcoin every 10 minutes.
The block reward for mining the next Ravencoin block is 5,000 every 1 minute.
Related Terms:
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