The Decentralized Sharing Platform- LBRY

in #lbry4 years ago

LBRY is a sharing platform that uses block chain technology to enable users to publish material and get paid for doing so.

People using LBRY’s service can monetize their published material with its built-in payment system.

The concept melds together the great technical advantages of both Bitcoin and BitTorrent services for people looking to share content.

BC: How does LBRY help people monetize their publishing material?

MV: LBRY has a built-in payment system with its own cryptocurrency called LBRY Credits. When you publish a piece of content, you can set a price for the user to stream or download it. Most of that payment goes to you, and a portion goes to the hosts who store the files. No one else gets a cut.

LBRY Credits allow publishers to earn micropayments. It’s seamless to charge a penny per download – no users having to input credit card information or pay processor fees. In this way, it’s like Bandcamp but with better content discovery and a much more flexible payment model.

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