Relative to the levels of profit achieved by early investors in IBM, Apple, Google, Facebook, and Bitcoin, the amount of inequal- ity present in the Nxt blockchain is not out of line. Nxt does not generate any new tokens as a result of block creation.

However, for an entire electronic economy to be based on a fully decentralized, peer-to-peer solution, it must be able to do the following: When an active account wins the right to generate a block, it bundles up to available, unconfirmed transactions into a new block, and populates the block with all of its required parameters. Because blocks may only be generated based on existing stake, at least some of the token supply must be available when a Proof of Stake network is bootstrapped.

This block is then broadcast to the network as a candidate for the blockchain. Field programmable gate array FPGA chips were pressed into service next, followed by mining rigs specialized application specific integrated circuits ASIC chips. Bernstein in