The block reward is the incentive that miners receive for verifying and committing transactions to the blockchain. In the case of the scrypt blockchain, the block reward is paid out in the form of scrypt coins. This is different from the Bitcoin blockchain, which uses a Proof of Work algorithm, and pays out block rewards in the form of Bitcoin.
The block reward is an important part of the mining process, as it provides an incentive for miners to continue verifying and committing transactions to the blockchain. Without the block reward, it would be difficult to convince miners to continue verifying transactions, as they would not be earning anything for their efforts.
The block reward is also one of the main factors that determines the profitability of mining. If the block reward is high, then mining can be very profitable. However, if the block reward is low, then mining may not be worth the effort.
Other related questions:
Q: How do I claim block rewards?
A: To claim your block rewards, simply navigate to the “Rewards” tab in the sidebar and click on the “Claim” button.
Q: Where does block reward come from?
A: The block reward is the reward given to miners for successfully mining a block. The amount of the reward is determined by the protocol and is usually a mix of newly minted coins and transaction fees.
Q: What is the current block reward?
A: The current block reward is 12.5 bitcoins.