Exploration rewards are incentives given to individuals or entities that contribute to the discovery and validation of new blocks in a blockchain network. This process typically involves solving complex mathematical problems, known as mining, which helps secure the network and confirm transactions.When miners successfully add a new block to the blockchain, they receive a reward, usually in the form of the network’s native cryptocurrency. This reward serves two main purposes: it compensates miners for their computational efforts and helps regulate the introduction of new coins into circulation.Exploration rewards can also encourage participation in decentralized networks, ensuring a diverse and secure mining community. As more miners participate, the network becomes more robust, making it difficult for any single entity to control it.Over time, many networks adjust the size of exploration rewards, often through mechanisms like halving events or changes in consensus algorithms. These adjustments help manage inflation and maintain network security while encouraging continued participation from miners.