Block Reward
The new coins and transaction fees paid to the miner or validator that successfully adds a block.
- Also known as
- CoinbaseMining Reward
The block reward is the incentive paid to the participant who adds a valid block. In proof-of-work systems, it usually consists of a block subsidy (newly issued coins) plus the transaction fees included in that block.
Many proof-of-work coins reduce the subsidy on a schedule. Bitcoin and Bitcoin Cash started at 50 coins per block and halve every 210,000 blocks; after the 2024 halving, the subsidy is 3.125 coins per block until the next halving.
Related terms
4 linkedExplore connected entries beyond the alphabetical index.
Proof of Work (PoW)
→A consensus algorithm where computing power is used to solve complex problems, verify transactions, and create new blocks.
Mining
→The process by which new coins or tokens are minted and transactions are confirmed on a blockchain through computational work.
Halving
→A scheduled reduction in block subsidy that cuts new coin issuance, often by half, at predetermined block heights.
Bitcoin (BTC)
→The first widely adopted cryptocurrency, using proof of work and a fixed 21 million coin supply.
All terms and definitions may update as the Cryptionary improves.
