The block reward is like the pot of gold at the end of the crypto rainbow - it's the prize that miners get for being the first to solve the cryptographic puzzle and add a new block to the blockchain.
Back in the early days of Bitcoin, the block reward was a whopping 50 BTC. Can you imagine? That's like winning the lottery every 10 minutes. Of course, as more and more blocks got mined, the reward kept getting cut in half.
Nowadays, it's down to a measly 6.25 BTC. But hey, that's still more than most people make in a year, so who's complaining?
Example
"Did you hear about the new ASIC miner that just came out? It's supposed to be able to mine a whole block and get the reward all by itself. Talk about a game-changer."
"I remember when the block reward was 25 BTC. Those were the days, man. Now you're lucky if you can even afford a fraction of a Bitcoin with the reward."
The Block Reward is like the paycheck that miners get for adding new blocks to the Bitcoinblockchain - it's a certain amount of freshly minted BTC that they receive as compensation for their work. It's like the network saying "good job, here's some shiny new coins for ya!"
Example
"The Block Reward started out at 50 BTC per block, but it gets cut in half every 210,000 blocks (roughly every 4 years) in a process called 'the Halving'."
"Over time, the Block Reward will gradually decrease to zero, at which point miners will only be compensated by transaction fees."
