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Block Reward as Incentive for Miners

The sustainability of the peer-to-peer network’s operations relies heavily on the active participation of miners, who help authenticate and validate transactions by solving complex mathematical operations, before saving transaction records in the blockchain.
The miners’ activities sure involve hard work and big computational power. How the decentralized peer-to-peer network incentivizes the miners for their highly important activities? They do so by transferring “block reward”, payment in cryptocurrencies which correspond to the number of blocks (or virtual ledgers) they have successfully created or “mined”. In this talk show episode, we will talk to our IT expert Adela Negara to understand more about block rewards.

Host: Julia Martinez
Speaker: Adela Negara
Script: Sebastian Partogi
Videographer: Putu Christian Welly Robin
Stylist: Winarsih Tohir
Expert reviewer: Jaspal Singh

For more information, head to https://decbc.com
and be sure to download the first volume of the “the journey toward decentralization” series here: https://bcz.bz/vol1
(if you want buy the physical book, or the Kindle edition, you can find it at https://www.amazon.com/ZooBC-Roberto-
… ).