Channel X Global will operate using a system called “Proof of Brain” as Pioneered by Steemit.
Bitcoin uses the very expensive and energy intensive Proof Of Work to mine coins, while Ethereum is transferring to “Proof of Stake” which that a person can mine or validate block transactions according to how many coins he holds.
A short video explaining differences between Proof of Work & Proof of Stake
We are “pre-mining” our Tokens as they are effectively the same as Shares or Equity in CXG – so no expensive computing power will be required. Instead we will hire an experienced developer to create hack proof ERC-20 Tokens for us using Ethereum Smart Contracts.
“Proof of Brain” means that once mentors and creatives working with us in Emerging Markets have successfully demonstrated they’ve learnt new skills such as sitcom writing/directing, they will be rewarded with CXG Equity Tokens.
In other words, they’ve used “Proof of Brain” to create new content for Channel X as well as increase their stake-holding in the company.
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∙ Authored by Quilliam Potter
∙ For TV Consultancy Work or General Enquiries about Channel X Global, email email@example.com