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Blockchain & Crypto vocabulary · Consensus, Mining & Staking

Block reward

Meaning in blockchain & crypto, with examples

nounCommon term

In blockchain & crypto, block reward means: The new coins a miner or validator receives for adding a block to the chain. On many networks, the transaction fees in that block are paid on top of the reward.

In Turkish: blok ödülü

How it is used

Used when explaining how miners and validators are paid: the block reward, the block subsidy (only the newly created coins), fees plus rewards. In Bitcoin the block reward falls with each halving, so fees are expected to matter more over time.

Example sentences

  1. The current block reward on Bitcoin is 3.125 BTC.

  2. When the network is busy, fees can add a lot to the block reward.

Common collocations

  • block subsidy
  • earn the block reward
  • block reward halving
  • fees and block rewards
  • halvingA built-in event in Bitcoin's code that cuts the block reward for miners in half every 210,000 blocks, roughly every four years, slowing down the creation of new coins.
  • miningThe process in proof-of-work blockchains where computers compete to solve a difficult puzzle. The winner adds the next block and receives newly created coins and fees as a reward.
  • minerA person, company or computer that takes part in mining on a proof-of-work blockchain, using hardware and electricity to compete for the right to add new blocks.
  • validatorA participant in a proof-of-stake network who locks up coins and runs software to propose new blocks and check blocks proposed by others. Validators earn rewards and can be penalized for misbehaving.
  • blockA batch of confirmed transactions that is added to a blockchain at one time. Each block contains the hash of the previous block, which links the blocks together into a chain.

More terms: Consensus, Mining & Staking

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