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

Lim How Wei
March 2, 2024

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.

You can download the app from the Google Play Store and create a new account.

To begin a quiz, open the Marina Protocol app, tap on “Learn & Earn”, and choose the correct answer.

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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Lim How Wei

Lim How Wei is the founder of followchain.org, with 8+ years of experience in Social Media Marketing and 4+ years of experience as an active investor in stocks and cryptocurrencies. He has researched, tested, and written thousands of articles ranging from social media platforms to messaging apps.

Lim has been quoted and referenced by major publications and media companies like WikiHow, Fast Company, HuffPost, Vice, New York Post, The Conversation, and many others. One of his articles about the gig economy was quoted by Joe Rogan who hosts The Joe Rogan Experience (arguably the most popular podcast in the world), in the This Past Weekend podcast by Theo Von.

In his free time, Lim plays multiple games like Genshin Impact, League of Legends, Counter-Strike, Hearthstone, RuneScape, and many others. He creates guides, walkthroughs, solutions, and more on games that he plays to help other players with their progression.