Block Reward
Block reward is the amount of cryptocurrency given to a miner or group of miners for successfully adding a new block to the blockchain by solving a complex math problem.
More terms under B
- Block HeightBlock height is the total number of blocks that have been added to the blockchain before a specific block.
- Block Lattice (Nano)The block lattice is a unique way of organizing data in cryptocurrencies where each user has their own separate chain of blocks, instead of all transactions…
- Block ProducerA block producer is a person or group that uses their computer to check transactions and create new blocks on many Proof-of-Stake blockchains.
- Block SizeBlock size is the maximum amount of transaction data that one block in a blockchain can hold.
- Block TimeBlock time is the average time it takes for a blockchain to create a new block of transactions.
- Block TradeA block trade is a big buy or sell of securities that happens away from the regular market. It often involves a financial middleman to help manage risks for…
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.