#CryptoRewards Bitcoin (BTC) rewards refer to the incentive given to miners for validating and adding new blocks to the blockchain. When a miner successfully mines a block, they receive a reward in the form of newly minted bitcoins and transaction fees. This process is called the block reward. Initially set at 50 BTC, the reward is halved approximately every four years during an event called the "halving." As of 2024, the reward is 3.125 BTC per block. These rewards encourage network security and decentralization. Over time, as rewards decrease, transaction fees are expected to play a larger role in miner incentives.