What Is a ‘Block Reward’?
A block reward is a fixed amount of newly minted cryptocurrency that is awarded to the miner (PoW) or validator (PoS) who successfully validates and adds a new block of transactions to the blockchain. It is the primary incentive for securing the network and the main source of new coin issuance.
Glossar
Block Reward
Incentive ⎊ The block reward, within cryptocurrency networks employing proof-of-work consensus, represents the economic inducement for miners to validate transactions and append new blocks to the blockchain.
Newly Minted Cryptocurrency
Issuance ⎊ Newly minted cryptocurrency refers to the block subsidy component of the mining reward, representing the creation of new units of the digital asset according to a pre-programmed, deterministic schedule embedded in the protocol.