Block reward

A block reward is the amount of cryptocurrency paid by a blockchain protocol to the participant that successfully adds a new block to the chain. In proof-of-work systems, the reward is often paid to the miner that produces a valid block. In proof-of-stake systems, rewards are often distributed to validators (or delegators where applicable) according to individual network rules. Block rewards are defined at the protocol level and can include newly issued tokens, transaction fees, or a combination of both.

On Bitcoin, a miner that successfully adds a valid block to the blockchain receives the block reward, which consists of newly issued Bitcoin plus transaction fees from the transactions in that block. The reward is meant to incentivize miners to keep validating transactions and securing the network.