Thanks to the invention of Bitcoin early 2009, many projects found their way into the cryptopian eye sight. LBRY is one of them i would therefore introduce to you more detailed. By researching i will also broaden my knowledge on these promising projects. Therefore it won´t be my last post about a cryptocurrency.
LBRY _But what is it then?
As the name hints on what the main aspect of existence for this project is one can expect to find in a digital type of LIBRARY. From music over movies to ebooks, everything will be available from every modern machinery with internet access.
They don´t want to be the next centrally goverend media corporations we all know. Within LBRY you upload your content and set your price for it. Then the consumer can download it or give it away for free.
With LBRY´s open protocols you have interchangability of contents throughout the internet. No one censors you or links your profile to advertisers that they can manipulate your perception and alter your behavior to an extent.
With LBRY`S protocol there is no `top-down corruption´.
Content uploaded to the decentralized LBRY network remains publicly accessible so long as the community finds it valuable and continues to host it.
Source: https://lbry.io/faq/what-is-lbry
An LBRY app is about to be developed to interact with the protocol as well. On top of the LBRY protocol everyone can create apps. Your content then will be available throughout the LBRY app environment.
Even if the last open Q&A round didn´t make a real professional impression, the product is there and it works. Whether the public is as for all the cryptospace still to be seen. As a consumer I believe most of them don´t care about decentralisation and that it can be of importance but what could help the project to gain more public adoption are the content creators themselves. Already there are many creators that feel to be let down by youtubes algorithms as well as loosing out on quite a bit of their add revenues they once earned. As there are growing numbers of competitors there are also more benificial outlets than a Facebook or a youtube. That could cause a fraction of them to change platforms. LBRY as a community goverend not centralised platform can be the next more lucrative option, where not everything depends on how long your audience is exposed to ads from huge corporations.
As such possible answer to creators frustrations it holds definitely value. I personally think that also the market is about to acknowledge the potential by huge run-ups in price.
It has its own wallet you can mine it and by putting up content you can earn LBRY Credits and exchange that on Poloniex and Bittrex for whatever crypto or $.
See/read/learn for yourself:
https://www.reddit.com/r/lbry/
As of always thank you for reading sharing and commenting and stay CRYPTUNED!!
As i mentioned me as a cryptoenthusiast wouldn´t mind you donating whatever amount the informations seem worth to you.
Here are my addresses :
♥ ETH: 0x3483889ce1b7e2f8c01313cf9464064b93163ec0
♥ BTC: 1Dcui9ULMxUpMfGTTQU8Gb2WfPn9orjFtS
♥ LTC: LNkfL4x8fkR9BaHBsNzRmThnheLzMTEhGY
♥ Dash: Xe9zHUQgxBR4Fsnj78oSGiFs53LDYBbbNo
♥ ETC: 0xce15aa840c952b1ae55446591372266a0f6e5e7a
♥ ZEC: t1QMLpmauWd88acksp5JYwRtg9VPQMpScfD
♥ DGE: D9XeQjwtwVxG8E4pPGvixMqF9EzUzvWDHB