LBRY [ [Link: lbry.io] ] Website has introduced a new Media Sharing Protcol that should give back the power of digital consumtion back to public. Their motto is:
“Watch read and play in a decentralized digital library controlled by the community.”
1 What does that mean?
This brand new blockchain-based protocol allows media consumers and media creators to interact together – without a middle man checking out what is happening between those two parties.
The self-funded organization has implemented their own crypto currency called LBC in addition to its decentralized metadata storage system
Now the best – you dont have to pay to watch the content that is being published and shared over the LBRY encrypted network! And you dont have to be a tech nerd to collect or compute LBC coins – thats great! If you are willed to give some free space on your home computer of your private cloud you can then also earn LBC coins passivly. And thats so great about LBRY – in the best case you will never have to buy a single credit to watch all movies their database – thats like a NETFLIX for all people.
Lets hear what the founder Mike Vine of LBRY has to say: They could be spending no money which compared to Netflix is a great deal. The rules are set in stone as a blockchain so we cant just turn around one day and say Weve decided to monetize so we changed everything Vine explained.
This software will – on the long term – have a broader section of videos than Netflix Hulu or Amazon Prime Video – because LBRY does not deal with licenses: We peeled away layers of bureaucracy Vine shared. Media Publishers can post their content online offering for sharing downloading or streaming with a price of their choice while still in full control of their copyright work.
2: to start if you want to adapt that idea?
Image: [Link: bostinno.streetwise.co] & SELF
Tags: BLOCKCHAIN-BASED VIDEO STREAMING, BITTORRENT SUCCESSOR, BITCOIN AND TORRENT, ,