LeoGlossary: Incentivize

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To provide a person or persons with motivation to do certain things through financial or non-financial means.

Cryptocurrency is designed around the idea of providing incentive to people for performing certain tasks or providing particular things.

For example, with blockchain infrastructure, block producers have incentive in the form of block rewards for arriving at consensus and maintaining the ledger.

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LeoGlossary: Incentivize was published on and last updated on 8 Sep, 2022.