Algorand Launches Blockchain-Wide Staking Rewards with Real-Time Block Payments
Algorand has officially launched staking rewards on its blockchain following a consensus mechanism upgrade. Validators who successfully propose blocks to the Layer-1 blockchain now receive real-time 'block rewards' starting at 10 ALGO per block. These rewards will decrease by 1% every millionth block.
In addition to block rewards, validators earn 50% of transaction fees from their successfully proposed blocks. This implementation is part of the broader "Algorand 4.0" upgrade, enhancing the network's decentralization and participant incentives.
The introduction of staking rewards marks a significant milestone in Algorand's evolution, providing validators with immediate financial incentives for maintaining network security and operations.