Loading...
The Bitcoin block reward is the incentive given to miners for successfully adding a new block to the Bitcoin blockchain. Initially set at 50 bitcoins per block when Bitcoin was launched in 2009, this reward undergoes a process called "halving" approximately every four years, reducing the reward by half. The block reward serves two primary purposes: it introduces new bitcoins into circulation and incentivizes miners to secure the network by validating transactions and maintaining the blockchain's integrity. Over time, the total supply of Bitcoin is capped at 21 million coins, making the block reward a crucial aspect of Bitcoin's economic model.
The Bitcoin block reward is the incentive given to miners for successfully adding a new block to the Bitcoin blockchain. Initially set at 50 bitcoins per block when Bitcoin was launched in 2009, this reward undergoes a process called "halving" approximately every four years, reducing the reward by half. The block reward serves two primary purposes: it introduces new bitcoins into circulation and incentivizes miners to secure the network by validating transactions and maintaining the blockchain's integrity. Over time, the total supply of Bitcoin is capped at 21 million coins, making the block r...