What are Block Rewards?

The block reward is the vital component of the compensation scheme that guarantees mining enthusiasts that they will always be able to verify and protect the network.

In this blog, you will read a detailed overview of Block rewards and how they operate, their significance, historical background, and future outlook, along with a discussion of the procedure of generating block rewards.

Let us now explore the potential results of the block reward system and how it benefits the miners by understanding the blockchain technology first.