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Intermediate

Block reward

Also: block rewards, block subsidy

The newly created coins paid to whoever adds a block, on top of transaction fees.

The reward is how new coins enter circulation on proof-of-work networks. On Bitcoin it started at 50 BTC per block and has been cut in half every 210,000 blocks since. See halvingHalving The scheduled event, about every four years, when Bitcoin's block reward is cut in half..