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
Immutable
A property characterized by inability to be change and stays unchanged over time.
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Targeted fund raising limit of an ICO
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Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
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