Block Reward

The number of units of a cryptocurrency that a user gets as the reward for mining a block of that cryptocurrency.

A block reward is simply the number of cryptocurrency units or coins that a miner gets in return for blockchain mining. Essentially, the developers of a cryptocurrency offer these coins from the collection of newly minted crypto units as payment for the computational work required to get these tokens. The block reward is then allocated to users based on the amount of work they have put in.

Blockchain rewards serve as incentives for users to earn ‘free’ tokens which they can then exchange for a variety of uses at a later date. They are also the most popular reasons crypto enthusiasts participate in crypto mining activities.

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