The concept of "block reward" incentivizes miners in the Bitcoin network by rewarding them with newly created bitcoins for successfully adding a new block of transactions to the blockchain. This reward serves as an incentive for miners to invest their time, energy, and resources into securing the network and validating transactions. Miners compete to solve complex mathematical puzzles to validate transactions and add them to the blockchain, and the block reward is their motivation for contributing their computational power to the network. Additionally, the block reward also helps to ensure the security and decentralization of the network by encouraging more miners to participate in the validation process.
