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What is the primary purpose of a “block reward” in Proof of Work blockchains?

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In this guide, you’ll learn the answer to “What is the primary purpose of a “block reward” in Proof of Work blockchains?” in Marina Protocol.

What is the primary purpose of a “block reward” in Proof of Work blockchains?

Question: What is the primary purpose of a “block reward” in Proof of Work blockchains?

Answer: To incentivize miners for securing the network and validating transactions.

Further reading

Which blockchain platform is known for its focus on providing solutions for the Internet of Things (IoT)?

In blockchain terms, what does “FUD” stand for?

What is the entity that creates blocks in Layer 2 called?