Besides Fees, What Other Rewards Secure a Blockchain?
The primary other reward is the 'block reward,' which is newly minted cryptocurrency given to the miner or validator who successfully creates the next block. This reward is often the main incentive, especially in chains with low transaction volume.
Some protocols also offer rewards for specific activities like running a full node or participating in governance.
Glossar
Newly Minted Cryptocurrency
Creation ⎊ Newly Minted Cryptocurrency refers to the process where a protocol generates new units of the native asset, either as a block subsidy in Proof-of-Work systems or as staking rewards in Proof-of-Stake systems, representing the initial supply injection.
Rewards
Incentive ⎊ Rewards within cryptocurrency, options trading, and financial derivatives frequently manifest as economic incentives designed to align participant behavior with network or market objectives.
Secure
Framework ⎊ Within cryptocurrency, options trading, and financial derivatives, a secure framework prioritizes the integrity and resilience of underlying systems against adversarial attacks and operational failures.