Block Rewards – Unisex Short Sleeve Bitcoin T-Shirt — What are Block Rewards? The Bitcoin Blockchain is a distributed peer-to-peer network in the form of blocks which contain bitcoin transactions. These transactions need to be validated by special miners on the network. These ‘Miners’, or nodes, are dedicated to validating batches of transactions (blocks), then signing and broadcasting them across the network.
This work is done by using electrical and computational power to solve very difficult mathematical problems. The miner must solve these mathematical problems before they can sign and broadcast the transactions on the network. This validation process on the Bitcoin network is made up of twenty rules, which are called transactional consensus. Once validation takes place a block is created and the miners are then rewarded for their work with Bitcoin.
If you would like to learn more about Bitcoin mining check out this link: https://en.bitcoin.it/wiki/Mining
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