block reward [English]
InterPARES Definition
No definition in earlier IP projects. ITrust definition not yet developed.
Other Definitions
- Blockchain Technologies 2016 (†789 s.v. "Block Reward"): The reward given to a miner which has successfully hashed a transaction block. Block rewards can be a mixture of coins and transaction fees, depending on the policy used by the cryptocurrency in question, and whether all of the coins have already been successfully mined. The current block reward for the Bitcoin network is 25 bitcoins for each block.
- BlockchainHub Glossary (†807 s.v. "Block reward"): An amount of crypto-currency a miner receives for processing transactions in a given block. Because creating (or “mining”) blocks is so crucial to the security of the Bitcoin network and yet so hard, the Bitcoin protocol includes a mechanism to encourage people to mine: every time a block is added, the miner who found the block is given 12,5 BTC(this number will change at the next halving in 2020) as a block reward.
Citations
- Buterin [2017] (†818 s.v. "Miscellanea And Concerns"): To solve the second issue of centralization bias, we go beyond the protocol described by Sompolinsky and Zohar, and also provide block rewards to stales: a stale block receives 87.5% of its base reward, and the nephew that includes the stale block receives the remaining 12.5%. Transaction fees, however, are not awarded to uncles. (†2343)
- Wood 2014 (†803 p.13): We define the block reward as 5 Ether: (150) Let Rb= 5x10^18 (†2333)