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Lilly Wilson
Lilly Wilson

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What are Block Rewards?

The number of cryptocurrency miners that are rewarded by the time they adding new block to blockchain. The process of validating the block is referred to as the block reward. Miners are rewarded with the appropriate cryptocurrency from various cryptocurrency networks.

Take Bitcoin for an instance. Miners are paid bitcoins for their work on Bitcoin networks. It also has the advantage of gradually reducing the structure of rewards.

In the end, rewards are equally distributed among those who are involved in creating new blocks in the network through solving challenging math-related problems.

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