A block producer is an entity that creates new blocksGroups of data within a blockchain. On cryptocurrency blockchains, blocks are made up of transaction records as users buy or sell... Read More on a blockchainA blockchain is a distributed database that is shared among the nodes of a computer network. Read More through mechanisms such as consensusConsensus is what allows a distributed system (like the blockchain) to function as a decentralized peer-to-peer system without the need... Read More algorithms or voting systems. Block producers are responsible for validating and committing blocks to the blockchain. Block producers may receive a rewardA reward is an incentive given to a miner who successfully hashes a transaction block. The reward for completing a... Read More in the form of cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... for their contributions to the network. A block producer is not always a block creatorA block creator is an individual or group that creates blocks in a blockchain network. Block creators typically receive rewards... Read More. In some instances, transactions are mined without involving a block producer.
