Hey All;
I'm a huge fan of LBRY and the applications that are being built on it. One of the famous applications that is built on it is named Odysee It's a place where you can share any type of content:: may it be blog posts, videos, audios, pictures, etc.. The cryptocurrency that fuels the blockchain here is LBC.
Recently the LBRY team published this article - LBRY in 2022 giving insights as to what is planned for this year, 2022, and beyond.
The future of LBRY is Application Diversity
It's imperative to understand that LBRY is a protocol. Similar to HTTP and HTTPS which is a protocol and is also known as Hypertext Transfer Protocol basically is a communications protocol. This protocol is used to send and receive webpages and files on the internet. Understand Protocol as simple rules.
A text-first news aggregator and publishing platform
Two different music and podcasting apps (may the best team win)
A file-sharing app optimized for CAD files
In a similar fashion, LBRY is a protocol that allows anyone to build apps that interact with digital content on the LBRY network. As seen from the above diagram, you can clearly see the LBRY stack which empowers other applications in our example "Odysee" to be built over it. We would be seeing more applications like a text-first news aggregator, music, other podcasting apps, and file-sharing apps will be leveraging and built over the LBRY protocol and as the LBRy team stated in their article -LBRY in 2022
LBRY Credits trades - $0.03 cents
It's sad to see at the price of LBC - which still trades around $0.03 cents. I have been a long-time HOLDer for the LBC coins and to date have been in the accumulation phase of getting as many LBC coins as I can.
Most part of the price of the LBC token has to do with the current SEC case against LBRY Inc. We all know that Cryptos are here to stay and are not going anywhere. The recent tweet from the LBRY team on the SEC case gives us a hint that where things are going. The team has compiled over 1,000,000 pages of documents to provide as much information as possible to SEC. I can say that without a doubt LBRY Inc is going to win this case that SEC has charged on them and then it's just a matter of time to see the price of LBC token rise exponentially.
LBRY is a Protocol & My Stake...
Developing a protocol is a big thing in itself. Protocols are nothing but rules and regulations. And imagine when these protocols get patented or recognized globally - what would lie ahead for LBRY and its currency LBC.
I have already synced my Youtube channel over to Odysee a long time ago. Joining the Youtube partner program made me eligible to receive LBCs as a reward for each month. On the top right, you can see the LBC tokens that I HODL 168K+ As, I continue to accumulate LBC coins my target is to get to 200K+ tokens staked for my channel - HealthDear on Odysee. I have nothing to lose as most of my coins are earned via the content creation method and through the reward program. I did buy some LBC coins as well though. I am sure that once the SEC case settles and more apps start building over the LBRY protocol there definitely is going to be a sudden spike on LBC token price and getting LBC for $0.03 would be history.. get all these LBcs for real cheap -- its a stealer ATM...
#lbry #lbry #hodl #secvslbry #protocol
Image Courtesy:: lbry, odysee, cmc
Best Regards