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What is LBRY
LBRY is a new way to publish and share content with each other online. On LBRY you can host any kind of files ranging from videos, audio, PDFs, ZIPs and practically any other kind of file. The content is hosted on a decentralized and distributed network.
LBRY Credits, or LBC are the unit of account for LBRY which you can use to unlock and pay for the content. The LBRY protocol utilizes payments with the use of LBC. So the credits are vital in order to use the marketplace based on the LBRY protocol.
LBRY is basically a digital marketplace. You can sell your content without any intermediaries. The creator gets paid fully. It's a kind of a "smart contract" - once the payment on blockchain is verified, you will get access to the file. No third parties, no additional fees or provisions taken! LBRY could basically be used to cut out the middlemen taking huge fees - let it be Envato, Youtube, Netflix, App store or Stock photo images. The possibilities are endless!
Youtube and Netflix alternative?
On LBRY platform you can watch videos instantly. Whether the content is free or paid. This could make an end to the pirating. If there was a convenient way to pay for the content for the fair price, people would surely do so. And you could do so on the LBRY!
LBRY developers have created an app of their own. Through the app/platform you can stream videos live instantly! You can as well view other content and use the digital marketplace.
LBRY is completely open source. You can check out their github
. The thing is, anybody can develop on top of the LBRY platform. The idea is to get the community to participate. Anybody can create their own version of Youtube, Netflix, Stock Photos, Theme forest, clickbank using the LBRY protocol! Their created app is just an example!
Marketplace for EVERYBODY
They say one of the reasons Youtube has suceeded was that, for the first time of human existence you could expose yourself to the whole world without big media companies backing. Now you can do the same on LBRY - with addition to being able to SELL your content. Anyone can create content and sell it SIMPLY. This is not possible through any other platform. Also the possibilities of micropayments(sending extremely small amounts of money) - LBRY supports that! It is proven that it is not the fact of not being to afford something premium, but the mindset of having to pay. With micropayments that barrier is crushed!
There is no censorship on LBRY. You can host whatever it is you want! The content is owned by everybody and noone can remove it! However notice that in LBRY's original APP, the content shown WILL be filtered if there is a copyright infrigment on the content.
On LBRY soon in the future you could possibly livestream videos which has an extreme potential. Apps for SmartTvs, phones and much more could be created! The only limit is your imagination!