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  1. Home
  2. /Glossary
  3. /Block Reward
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blockchain

Block Reward

The cryptocurrency given to miners or validators for successfully adding a new block to the blockchain.

Definition

The cryptocurrency given to miners or validators for successfully adding a new block to the blockchain. Bitcoin's block reward started at 50 BTC and halves roughly every four years. This is how new coins enter circulation in proof-of-work systems.

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GuideCrypto Mining Guide

Related Terms

Mining

Using computational power to validate transactions and create new blocks on proof-of-work blockchains.

Halving

When Bitcoin's block reward gets cut in half, happening roughly every four years.

Emission Schedule

The plan for how new tokens are released into circulation over time.

ABI

Application Binary Interface.

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

Account Model

The way Ethereum and many other chains track balances.

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