Bitcoin rewards are the incentives provided to miners for successfully adding a new block of verified transactions to the Bitcoin blockchain. These rewards consist of newly minted bitcoins and transaction fees. They serve as the primary economic incentive for participants to secure the network and validate transactions. The block reward halves approximately every four years, a process known as halving.
Context
Bitcoin rewards are a central point of discussion in crypto news, especially around halving events. These events significantly impact the supply issuance of new bitcoins, often leading to market speculation and price volatility. The decreasing block reward necessitates miners relying more on transaction fees for profitability, influencing network security economics and the overall mining industry structure.
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