CNET también está disponible en español. Phil DeFranco is betting on a new bitcoin-like cryptocurrency, Props, that would help create a next-gen YouTube that rewards both creators and fans.

This is part of “Blockchain Decoded,” a series looking at the impact of blockchain, bitcoin and cryptocurrency on our lives. Phil DeFranco has 2.2 billion views on YouTube.

If each one were a penny, the stack could loop around the planet once and then some. Now imagine if every view and every “like” on YouTube deposited a penny in a piggy bank, one that’s broken open daily to pay both fans and stars.

YouTube star Philip DeFranco is advising and investing in a new cryptocurrency aiming to rebuild the ecosystem for online video.  That’s the basic idea behind Props, a cryptocurrency that aims to reward anyone who contributes to a new social live-video app called Rize. Anytime you stream, you can earn Props.

Every time you get a “like,” you can earn Props. If a friend of yours joins, you earn Props. Read more from…

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