I have a very superficial understanding of the block verification in Cardano.
I’ve read about slot leaders and how the are randomly selected base on stack but I don’t understand how they verify the transactions ?
Also, If one get rewards based on stack, how does the protocol avoid the rich to get richer faster ? Is there a mechanism to level the gain as the stack grows ?
I mean we are limited being, and I recall reading in “Think Fast and Slow” from Daniel Kahneman that there is seem to be an upper limit to the value of money. That is getting a reward of 1000 when you live with 500 is far more valuable than getting the same reward when living with 10000 $. At some point you hardly care about value of money, or it may be pathological to want more, and not so good for the rest of humanity.
So is there something like a decreasing reward. This would avoid one of our modern society major problem wealth concentration, and it working to avoid it should find an echo in a want to be decentralized economy. I hope that this has already been tackled in the protocol and that I just need to catch up.