https://torrentfreak.com/popcorn-time-creator-readies-bittorrent-blockchain-powered-youtube-competitor-171012/
>The Flixxo network will have no centralized storage of data, eliminating the need for expensive hosting along with associated costs. Instead, transfers will take place between peers using BitTorrent, meaning video content will be stored on the machines of Flixxo users. In practice, the content will be downloaded and uploaded in much the same way as users do on The Pirate Bay or indeed Abad’s baby, Popcorn Time.
>At the heart of the Flixxo system are digital tokens (think virtual currency), called Flixx. These Flixx ‘coins’, which will go on sale in 12 days, can be used to buy access to content. Creators can also opt to pay consumers when those people help to distribute their content to others
>In addition to earning tokens from helping to distribute content, people in the Flixxo ecosystem can also earn currency by watching sponsored content, i.e advertisements. While in a traditional system adverts are often considered a nuisance, Flixx tokens have real value, with a promise that users will be able to trade their Flixx not only for videos, but also for tangible and semi-tangible goods.
>“A total of 1,000,000,000 (one billion) Flixx tokens will be issued. A maximum of 300,000,000 (three hundred million) tokens will be sold. Some of these tokens (not more than 33% or 100,000,000 Flixx) may be sold with anticipation of the token allocation event to strategic investors,” Flixxo states.
>Nevertheless, the team suggests that piracy and spam content distribution will be limited by mechanisms already built into the system.
“[A]uthors have to time-block tokens in a smart contract (set as a warranty) in order to upload content. This contract will also handle and block their earnings for a certain period of time, so that in the case of a dispute the unfair-uploader may lose those tokens,” they explain.
That being said, Flixxo also says that “there is no way” for third parties to censor content “which means that anyone has the chance of making any piece of media available on the network.” However, Flixxo says it will develop tools for filtering what it describes as “inappropriate content.”