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

Marina Protocol is a global Web 3.0 tutorial platform with learning materials.

It provides beginners with easy-to-use content and advanced interfaces for activities.

Users can take part in Web 3.0 projects and get rewarded for their experiences.

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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?

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