The reward directly obtained during the block creation and validation process depends on the specific blockchain and consensus mechanism being used. In some cases, the reward is in the form of newly minted cryptocurrency, while in others, it may be transaction fees or a combination of both.
Here are some examples of rewards obtained during the block creation and validation process:
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Bitcoin (BTC): In the Bitcoin network, the reward for successfully mining a new block is a certain number of newly minted bitcoins, which is currently 6.25 BTC. This reward is halved approximately every four years in an event known as the "halving".
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Ethereum (ETH): Ethereum also uses a proof-of-work (PoW) consensus mechanism, similar to Bitcoin, where miners are rewarded with newly minted Ether for successfully mining a new block. However, Ethereum is in the process of transitioning to a proof-of-stake (PoS) consensus mechanism, where validators will be rewarded with transaction fees instead of newly minted Ether.
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Cardano (ADA): Cardano is a blockchain platform that uses a PoS consensus mechanism. In the Cardano network, validators, also known as stake pool operators, are rewarded with transaction fees for creating and validating new blocks.
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Solana (SOL): Solana is a high-performance blockchain platform that also uses a PoS consensus mechanism. In the Solana network, validators are rewarded with transaction fees and newly minted SOL tokens for block creation and validation.
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Polkadot (DOT): Polkadot is a multi-chain platform that uses a PoS consensus mechanism. In the Polkadot network, validators are rewarded with transaction fees and newly minted DOT tokens for block creation and validation.
