Cryptocurrency Q&A
What is a Bitcoin reward?
What is a Bitcoin reward?
CoinPrince
Wed Nov 27 2024
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6 answers
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I've been hearing a lot about Bitcoin and cryptocurrency recently, and I'm curious about the concept of a Bitcoin reward. Could someone explain what it is and how it works in the context of the Bitcoin network?
6 answers
InfinityRider
Fri Nov 29 2024
A Block Reward represents a specific quantity of newly created Bitcoin that is awarded as a reward.
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Arianna
Fri Nov 29 2024
This reward is predetermined and set by the Bitcoin network's protocol.
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PearlWhisper
Fri Nov 29 2024
Along with the newly minted Bitcoin, the block reward also includes the total sum of transaction fees.
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CryptoAce
Thu Nov 28 2024
These transaction fees are associated with the candidate block proposed by a mining node.
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SsamziegangSerenadeMelodyHarmony
Thu Nov 28 2024
Mining nodes compete to validate their blocks and add them to the blockchain.
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