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LBC

No. 855
LBRY
AMM
PoW
Media
Coin
LBC Price Today
0
USD
18.36%
Lower Price
0
Upper Price
0
24H Value(USD)
0
Total Market Cap(USD)
0
Circulating Market Cap (USD)
0
Total Circulation
654.23M
60.39%
Total Supply
1.08B

Price

LBC Price Change
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  • Coin Introduction
1. Project introduction

LBRY is a protocol for accessing and publishing digital content in a global, decentralized marketplace. LBRY uses a public blockchain to provide a single shared index of published content, as well as content discovery and payment. Clients can use LBRY to publish, host, find, download, and pay for content — books, movies, music, or anything else that can be represented as a stream of bits. The protocol is permissionless and censorship-resistant, which means that participation is open to everyone and no one can unilaterally block or remove content. Before LBRY, publishers had to choose between a centralized host such as Amazon or Youtube, or a protocol like Bittorrent. Centralized platforms suffer from several problems because their incentives are not aligned with the incentives of their users. Bittorrent does not have these faults, but it has problems of its own. It is only useful if one already knows the infohash of the content they seek, and there is no way to discover these hashes within the protocol. LBRY offers a significant improvement over both options. It uses a blockchain to provide the good parts of a centralized host (a single place to store data, find interesting content, build a brand, and get rewarded for contributing), while removing the downsides (opaque and arbitrary rules, rent extraction, censorship). It is public and no one can be censored or blocked from using it. Its rules are clearly defined and cannot be changed without community consensus. The blockchain records everything that is published to LBRY, so interesting content is easy to find and infringing content is difficult to hide. Accessing the blockchain data is free, the costs for downloading content are transparent, and publishers earn 100% of the price they set.

2. Team introduction

Founder & CEO: Jeremy Kauffman Github:https://github.com/kauffj?_ga=2.146093363.667952132.1664163511-1775943819.1664163511 Founder & CTO: Alex Grintsvayg Github: https://github.com/lyoshenka?_ga=2.186359342.667952132.1664163511-1775943819.1664163511

3. Application

Total supply: 1,083,202,000 LBRY Credits (LBC) are the cryptocurrency used to make digital transactions on the blockchain.

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