Presentation and definition of the crypto-currency LBRY Credits (LBC)

Presentation and definition of the crypto-currency LBRY Credits (LBC)

  • Name of the crypto-currency : LBRY Credits
  • Acronym : LBC
  • Where to buy the LBRY ? Binance
  • Creation Date : June 2016
  • No white paper
  • Web Site LBRY Credits

The network LBRY

The marketplace of the media

The network LBRY, or Library Credits, is a blockchain decentralized, which allows the sharing of media content between users. You can see LBRY as a marketplace of media, managed entirely by its members. The motto of the Library Credits ? “You own your data. You are in control of the network. In fact, you are the network”.

The operation of LBRY

To exchange on the platform, the user must download a wallet, virtual wallet, which will be the browser. This wallet can share and view any type of media content : video, music… Sometimes, the suggested content may be subject to a fee. In this case, the transaction will be carried out in a LBRY Credits.

The YouTube decentralized

The platform LBRY can be compared to a YouTube completely decentralized. The entire content of LBRY is available to full members, since it is stored on the blockchain and not on a central server.

The purpose of LBRY

Libraby Credits wishes to emancipate the media content of the control by the central agencies. Thus, they have the ambition to fight censorship and allow for the dissemination of all the contents in spite of the geographical limitations or restrictions of order varied.

The tokens LBRY

The total limit of tokens in issue has been fixed at 1 billion units. The chips LBRY are used on the network to pay for some content. The transaction is carried out through a system of additional payment, for it does not block the blockchain main with repeated transactions.