Login All news Marketcap Crypto Glossary Exchange Crypto meme
2020 ADV Europe, s.r.o. All Rights Reserved.
Back to all glossary

Block Reward

In order to motivate miners to process transactions that are stored in the blocks of the blockchain, they get rewarded with certain units of the particular coin, for every block that gets completed.

The block reward is awarded to the miner who confirmed the final hash of the block, the others get nothing. That's why miners often get together in so called mining pools and distribute the rewards among them in an equal way, based on the hashing power the contribute with.

Top Gainer24h
Top Looser24h
Crypto Glossary
Proof Of Stake is another consensus mechanism that cryptocurrencies can rel…
Gas price
Gas price defines the price you are willing to pay for a transaction in the…
Exchange Traded Fund (ETF)
ETF is a security that is tracking a "basket" of assets, which can be stock…
Great. First of all, please join us!
To customize your feed you must log in first. Allthecryptonews is a community to share and geek out about the latest news in cryptocurencie, ICO’s and so on. Join us.
We'll never post to any of your accounts without your permission.