- LBRY pronounced “Library” is a decentralized digital content distribution protocol and a marketplace for the same. - It supports a variety of content which includes but not limited to videos, songs, ebooks, etc. - LBRY uses blockchain at its core, which enables content to only be controlled by its author/ publisher, not by any third party, effectively eliminating issues like censorship and copyright strikes. - Since the code of the LBRY project is opensource, developers can create their own decentralized apps dApps. - Content creators can use these apps to upload their content on the LBRY network and monetize it by setting a fee. - LBRY credits or simply LBC is the cryptocurrency created by the LBRY network to fuel its entire digital content market. - The LBC coin is required by consumers to access the monetized content on LBRY network. - The LBRY platform also allows LBC mining by giving block rewards.Jeremy Kauffman cofounded LBRY Inc. - with the vision of a decentralized global content hub, controlled and owned by no one. - Currently, Jeremy is the chief executive officer of LBRY Inc. - Before working on the LBRY project, Jeremy founded TopScore, a million dollars event and activity registrations startup. - There are three other cofounders who serves on different positions in LRBY Inc: Alex Grintsvayg Chief Technical Officer, Josh Finer Director of Operations and Analytics, and Jack Robison Protocol Developer.LBRY provides its own official app, which can be used to store LBC. - The LBRY app is available for multiple operating systems such as Windows, MacOS, and Linux. - Android and iOS versions are still in development. - Other than its official LBRY wallet, users can opt for the Coinomi mobile wallet, which is recommended by LBRY. - LBC can only be obtained through exchange. - Users can also take advantage of LBC mining and various rewards given in LBC coin by LBRY network to its users.Although the concept behind the LBRY network has a lot of potential for growth, it faces competition directly against the entertainment giants such as YouTube and Netflix, and some of these platforms have been around for more than a decade..
Summary of the coin LBRY Credits
highest price statistics: 1.60 $USD
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Study the exchange market information. LBRY Credits
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