I heard about proof of stake lately, and people are saying you don’t need GPU or any mining power, as long as you have the coins, they will generate you more coins (more coins you have, more earnings you get?). So I’m wondering, 1. doesn’t that make the rich richer, and poor still poor? 2. If no GPU or mining power needed, what was done? Is there no algorithm to be solved? If yes, who does it in that case since people are not mining in POS?
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