Hello everyone, everyone know Youtube right? where you can watch video an other stuff, but what if, youtube become decentralise? How is that possible?
Let me Introduce you, LBRY
For most users, LBRY will be a place where they can find great videos, music, ebooks, and more: imagine a vast digital library that is available on all of your devices. But under the hood, LBRY is many components working together.
First and foremost, LBRY is a new protocol that allows anyone to build apps that interact with digital content on the LBRY network. Apps built using the protocol allow creators to upload their work to the LBRY network of hosts (like BitTorrent), to set a price per stream or download (like iTunes) or give it away for free (like YouTube without ads). The work you publish could be videos, audio files, documents, or any other type of file.
Traditional video (or other content) sites such as YouTube, Instagram, and Spotify store your uploads on their servers and allow viewers to download them. They also allow creators to make some money through advertising or other mechanisms. However, there are some well-known drawbacks, especially for people whose material is perceived as not being advertiser-friendly.
LBRY aims to be an alternative to these sites, allowing publishers and their fans to interact directly without the risk of demonetization or other meddling.
How and why LBRY uses blockchain
Blockchain technology like Bitcoin and LBRY enables people to create databases that no single entity controls.
With Bitcoin, when you send money to someone, your computer broadcasts "hey, the person with this particular secret (a private key) is sending money to that person over there" to the network, and the mining algorithm ensures everyone agrees that indeed, you sent that money, so your balance goes down and the recipient's goes up. For more on this, check out this great video by LBRYian @3Blue1Brown.
In LBRY, the same mechanism is used to store an index of what content is available and how to download it, as well as financial transactions (such as tips, and purchases of paid content) using the Bitcoin-like currency LBC (LBRY Credits). When a creator publishes something on LBRY, an entry is made on the LBRY blockchain. You can think of it as an announcement: hey everyone, I've published this file, here's some information about it, and instructions for how to download it from the peer-to-peer network.
For the same reasons that nobody can prevent a Bitcoin transaction from taking place, nobody can prevent a transaction (like a publication or a tip) from appearing on the LBRY blockchain. Other sites exist that share their content from a peer-to-peer data network. However, the index of available content is still centralized and can be easily censored.
Where i can use LBRY?
You can use LBRY by using their website or at Android App and for iOS it will come soon, dont worry you can sign up for the beta release and earn great reward by testing them, Here's the link
As content Audience, did we get rewarded too?
Yes, to be verified as real Audience and ready to be rewarded there is 3 ways to verify yourself and that is:
- Phone Number Verification (easy)
- Discord Verification (easy)
- Credit Card Verification (hard)
i recommend you to use Discord Verification because it is very simple and easy, with Phone number there is some regional country that already banned because abusing
I'm a Youtuber, but also wan to join LBRY is that possible?
Sure, they Youtube Partnerv Program where you can Link your youtube account at LBRY and get paid every watch, You need atleast 500 Subs for your channel and earn up to 2 LBC per view, check this out
So that's it with LBRY, same with the last post, i didnt give the full information because you will need to explore yourself and feel the experience, it is boring to read such a theory when you can do the theory without reading this. also try to join their awsome community where you can interact with each other and many more
Yes what i have mention before you will need to explore LBRY by yourself cause it is fun to explore new things, BE the one when no of your friends knew LBRY and refer them for great Rewards
If you have any Question about LBRY probably you want to check their FAQ
Source:
LBRY FAQ Page: https://lbry.com/faq/what-is-lbry
