LBRY aims to make its platform as easy to use and straightforward as possible. In the long run, LBRY has the potential of becoming a fully-fledged ecosystem meant to facilitate the purchase, storage, sale, and security of all types of digital content, including but not limited to videos, music, apps, e-books, articles, code, and more. The tokens can then be exchanged to other cryptocurrencies on supporting exchanges.Ĭopyright protection is ensured through the public ledger, where each upload and purchase is recorded, thus making it easier for content rights owners to carry out infringement actions against those who unlawfully republish their content. The platform relies on LBRY credits which can be used to purchase digital content. Thus, services such as content discovery, content distribution, and transaction settlement are all integrated within the technical infrastructure of the service, thereby providing users with a seamless experience.
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The service itself is quite straight-forward – it simply allows users to browse, host, share, upload, purchase, and download all types of digital content.
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With this in mind, the protocol provides the technical infrastructure required to run the decentralized and blockchain-based peer-to-peer network where users are free to share, purchase and download content. To understand LBRY, it is important to consider it as both a protocol and a service. Read our interview with the LBRY Ceo here.
The company markets its service towards those who are privacy-conscious, freedom lovers, artists, content producers, computer geeks, and many more. The platform aims to create a protocol-based association between users and their digital content- could be movies, games, book, or pictures. LBRY does not refer to itself as a video sharing service, but rather as a marketplace for all types of digital content, with a focus being placed on video. Without further ado, here is an overview of the market’s best blockchain-based alternatives to YouTube, alongside several options that are bound to improve the current video streaming solutions.
The rise of blockchain technology has led to the appearance of several innovative video sharing platforms that are definitely worth anyone’s consideration. These issues include, but are not limited to strict video monetisation policies, unfair video promotion algorithms, lack of a personalized support service, vague terms & conditions, data collection controversies, and privacy concerns.īecause of these pressing challenges, numerous YouTube viewers and content creators are actively considering the idea of migrating to an alternative platform. In fact, the video-sharing platform has many disadvantages and has been involved in numerous controversies that spawn from its very nature – centralization. Video hosting or sharing platforms represent services that facilitate the upload, viewing, sharing, and streaming of video-based content on the Internet.Īt this point in time, Google’s YouTube represents the world’s largest video sharing platform, with over 1.9 billion monthly logged users, one billion hours-worth of video watched daily, and 500+ hours of content uploaded every minute of the day.ĭespite these impressive numbers, YouTube isn’t without flaws.
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