A block reward is a payment given for validating a new block successfully. Block rewards, which are typically paid out in the native coin of a network at a fixed but regressive rate, are frequently the only source of new currency creation. They are an important component of the incentive structure that keeps blockchain networks operational and secure. Miners are responsible for block validation and block rewards in proof-of-work (PoW) blockchains such as Bitcoin. The block reward is paid to those who stake the native network cryptocurrency on blockchains that use proof-of-stake (PoS) consensus models (Cardano, Algorand, and the Ethereum Consensus Layer).
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