[MrSqueezles]

This article was the first I read that describes the new system. It appears designed to benefit Etherium banks. The more you hold, the more you get.

> Miners are replaced by validators – people who “stake” at least 32 ETH by sending them to an address on the Ethereum network where they cannot be bought or sold. These staked ETH tokens act like lottery tickets: The more ETH a validator stakes, the more likely one of its tickets will be drawn, granting it the ability to write a “block” of transactions to Ethereum's digital ledger.