Economic and incentive model behind Cardano Proof-of-Stake
The decentralized public network is based on its economic and incentive model. This model is embedded in the network consensus and has a direct impact on the key features of the network, which are the level of decentralization and the security budget. The economic and incentive model is often overlooked, which is a pity since it is probably the most important part of the public decentralized protocols. Let’s see why is the model so important and how Cardano Ouroboros Proof-of-Stake is designed from the point of view of users.