I just downloaded LBRY platform today and started poking around. It's a very fascinating piece of software that puts the user in control of the whole publishing platform. This is amazingly decentralized and gives incredible power to content creators to do whatever they like from feature films to CAD drawings(all of which can be found on LBRY before anywhere else). LBRY is a new Blockchain-based, open source platform for sharing digital content. It is gaining popularity as a decentralized alternative to YouTube but LBRY is more than just a video sharing service.
At the core of it, LBRY is a new protocol which is a peer to peer, decentralized file sharing and payment network secured by blockchain technology. Anyone can build apps on top of LBRY protocol that interact with digital content on the LBRY network. But these technical stuff is for developers.
As a user you can use LBRY platform for watching videos, listening to music and reading eBooks.
As a content creator, you can use LBRY to share your digital content like video, music, images, podcasts, eBooks etc.
Unlike YouTube, your activities are not tracked to serve you ads. In fact, LBRY is ad free. If you are logged into the network, you won’t see any ads anywhere on its website.
The LBRY is ‘governed’ by its own cryptocurrency called LBC (LBRY Credits).
Like any other cryptocurrency, you can mine it, buy it or get it from someone else. Content creators can set a price in LBC for streaming their content or they can provide it for free and get tipped in LBC by the viewers.
Don’t worry, you don’t necessarily need to buy LBC. Since its new, you’ll get LBC as rewards for doing simple tasks as viewing videos, exploring LBRY, following channels etc. In fact, you’ll get a few LBC simply for creating an account at LBRY and setting up your profile.
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