Block Reward
By CoinGecko | Updated on Mar 03, 2020
In the context of Bitcoin, one of the mechanisms built into it's protocol is to have what is known as block rewards to act as incentives for users to secure the network. Bitcoin mining is the activity and block rewards in the form of cryptocurrency (Bitcoin) is what incentivizes miners to secure the network by validating the data of new blocks.
Related Terms
Portfolio
A portfolio consists all of your current crypto holdings in one place.
Total Supply
All the tokens and coins that will exist in a cryptocurrency network.
Circulating Supply
An approximation of the number of coins or tokens that are currently not locked and available for public transactions.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
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