CryptoURANUS Economics: Block Reward: Defined in CryptoCurrency

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Friday, August 3, 2018

Block Reward: Defined in CryptoCurrency

Block Reward: Defined in CryptoCurrency

A block reward is defined as money earned by people who are maintaining the blockchain.


Maintaining the blockchain requires computer power and electricity or risking a large amount of cryptocurrency as a guarantee that you are trustworthy. 


People maintain the blockchain so they can earn money. Anyone doing this work is eligible to earn a reward in digital money and sometimes brand new, virgin cryptocurrency.

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