Block Reward


1. | distribution

The block reward is a reward of coins given to the first miner to discover a new block.
These rewards are also called the coinbase.

When a new block is found the miner can include a given amount of the asset in a transaction to their own wallet - called the coinbase transaction. This is the primary mechanism by which miners earn money and new coins are minted into the system on proof of work blockchains

* All terms and definitions may change as the Cryptionary improves