Company Blockchain is looking to compete with Netflix and Youtube audiovisual market

LBRY is an Exchange platform which uses the technology blockchain that users can publish material and get paid for doing it. People who use the service of LBRY can obtain economic benefits of its material published with its integrated payment system. The concept combines the technical advantages of both Bitcoin and BitTorrent services for people seeking to share content. 

 It is similar to BitTorrent in the ways in which data is actually transferred. LBRY is driven by a table of dispersion distributed quite similar to that used by BitTorrent. He was also inspired by BitTorrent that BitTorrent is usually a community of people interested in sharing the access to information and knowledge. LBRY shares the same goals and extends existing torrents as a way to install it is the network.

To inquire regarding the positioning of the company against competitors like Netflix - which manages a scheme in which users can access a large number of movies and TV shows with only pay 10 dollars - Vine said LBRY handles a wide variety of content (games, e-books, music, etc.) with which can reach more people with diverse interests.

Netflix must get trade agreements or licenses to advertise new content (paying large amounts of money) while LBRY does not deal with this problem, since the people and institutions that offer content make it by setting your own price.

The representative of LBRY ensures that the company promotes and facilitates the use of criptomonedas without users less knowledgeable are aware of this, since many may think that they are making use of tabs without suspecting that they trade with something much more important.

One of the obstacles in Bitcoin is that people do not want to have to relate to an Exchange service to have assets of this cryptocurrency. LBRY offers various ways in which users can store balances in the cryptocurrency more than just publish content such as reserving some space to host content for the company network and earn credits in passive form.

For more information see this explanatory video on the operation of LBRY

 

 

LBRY is in beta but you can register with an invitation into this here