Learning a New Crypto for Content System
To quickly sum up: Spankchain is code you can put on any website that allows you to receive cryptocurrency payments for your content anywhere. The age verification process to get the Spankchain crypto-wallet allows anyone or organization to know you’re legit without knowing any personal data, even your real name. Its like using your passport to prove you have a social security number — your passport doesn’t display your social security number however any 3rd party knows you have a US social security number because that is required to get a passport.
Off-chain interaction is measured with Booty Credits which represent ERC20 Ethereum Tokens and can be traded for any currency on an exchange.
Anyone can create tools and apps with Spankchain, however Spankchain itself is first in operating cam and advertising sites to jump-start the movement.
Come with me and start earning directly for your content!
Spankchain’s Abstract Concept from the Spankchain Whitepaper:
Abstract
In this paper, we present SpankChain, an adult entertainment ecosystem powered by blockchain technology. The SpankChain ecosystem possesses a tiered architecture featuring three layers: SpankChain Core, SpankChain Services, and SpankChain Applications.
SpankChain Core is comprised of smart contracts and tooling which provide the foundational functionalities necessary to operate a streaming or static content distribution application, namely a user profile system and payment capabilities.
The SpankChain Services layer contains a suite of ancillary services which add enhanced functionality to applications built upon SpankChain Core, including payment channel hubs, age verification, live video, an ad network, an affiliate network, indexing/search, and an interface builder.
SpankChain Applications exist on top of SpankChain Core, leveraging various SpankChain Services. The applications layer is a collection of branded interfaces that tie together underlying pieces of the ecosystem to attract paying audiences.
The SpankChain team will develop the ecosystem’s first application, a live cam site aptly named SpankChain. SpankChain utilizes a multi-token economic model, beginning with the SPANK token. SPANK is a staking token which can be utilized to mint alternative tokens, offering specific payment and governance rights throughout the SpankChain ecosystem. The multi-token model is designed to abstract away ecosystem-wide coordination processes from mechanisms which meter platform usage rights.
We also introduce a novel verification game called Proof-of-Spank to address underage model swapping and simultaneously incentivize active participation in the SpankChain ecosystem.
Link to Spankchain’s Whitepaper:
