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
Private Keys
The alphanumeric string which allows transactions from the cryptocurrency address
Shilling
One who poses as a enthsiastic customer to swindle others as a form of covert advestising.
Batch Auction
A Batch Auction distributes an amount of tokens to users that is proportional to their contribution to the pool.
Stablecoin
Cryptocurrency with a price peg to fiat currencies or commodity.
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