What is LBRY? LBRY is gradually becoming a big name amongst the masses, and it would be a good idea if you also knew and understood what it is all about. In today’s review, I will take you through the following items:
- What is LBRY about?
- Who is behind LBRY?
- How does it work?
- Can you make money using LBRY?
- Is it genuine?
Official Website URL: https://lbry.com/
Rating: (4.5 / 5)
What is LBRY?
LBRY is a new blockchain-based platform that people are using to share digital content. It is gradually gaining popularity amongst the masses as a decentralized alternative to the long-existing YouTube, though LBRY is more than just a video sharing platform.
At the very core, LBRY can be viewed as a peer-to-peer decentralized file sharing and payment platform that operates using blockchain technology. With this technology, anyone can successfully build apps on top of the LBRY protocol and set them in such a way that they can interact with digital content produced and shared on this network. Such functionality may mainly be beneficial to tech users. What can LBRY do for you as a person who is not very much into the tech stuff? You can use this platform to watch videos, listen to music, and even read eBooks.
If you are content creator, you can find LBRY quite useful in the sharing of the digital content that you create, including video, music, images, podcasts, and materials such as eBooks. Why is LBRY different from YouTube? Now, unlike YouTube, in which your activities are tracked so that you can later be served with ads, there is no tracking on LBRY.
In fact, LBRY is ad-free.
This should be good news for everyone who has been having a hard time with all the unskippable ads on YouTube. When you are logged into LBRY, you shall not come across any ad on its website.
As a content creator, you can set your price in LBC so that the people who stream the content can pay you, or you can provide the content for free and have the viewers tip you.
Who is behind the existence of LBRY?
LBRY is run and owned by its cryptocurrency firm known as LBC ( LBRY Credits). LBC allows its users to use their cryptocurrency just like other crypto users. You can, therefore, mine these cryptos, purchase them or even get them from someone who has them.
How to use LBRY?
If you want to try out what LBRY is offering, you can do so by visiting the official website. All you have to do is to create your account, then you can begin using its apps. Immediately after creating your LBRY account, you will get LBRY rewards in the form of the LBC cryptocurrency.
You can access your LBRY account via a web browser, or you can access it via an app. Most people prefer the app since it is much faster. It is all up to you, however, to decide the platform that works best for you.
Which operating systems support LBRY? You can access your LBRY app on Linux, Windows, macOS, iOS, and Android operating systems. Since all these operating systems support the LBRY app, it is very easy for you to use it across a wide variety of devices.
As much as the cryptocurrency is essential in the creation of a fair and open marketplace in LBRY, it is not the main feature of LBRY. The main feature that you should focus on is the peer to peer decentralized network through which you can achieve so many activities, without being unnecessarily scrutinized. LBRY’s emphasis is on treating you as a user of this platform and not as a mere product.
LBRY is an open-source platform, and you can access its entire code in the GitHub repository. If you encounter any challenges when using LBRY, you can find all the answers on the FAQ page.
Can you make money through LBRY?
There are a couple of ways through which you can LBRY credits, including:
- You can receive an LBC gift in the form of a reward e.g when you sign up.
- You can get LBC when you refer other people through the desktop app or the Desktop app or lbry.tv.
- You can also earn LBC when you help with certain tasks, such as testing.
- If you are an engineer or developer, you can get paid in LBC for contributing to the project.
- If you are good at trading, you can make money through various exchanges that support LBC.
- If you are a pro at cryptocurrency mining, then you can earn your money through mining LBC.
- You can also publish your content and have people pay or tip you in LBC.
Is it genuine?
Yes. LBRY is genuine. By following its activities on various social platforms, it is not hard to tell that it is gradually gaining ground. Some of the main platforms in which LBRY has active followers include Twitter , Facebook, Linux reviews.
In April 2020, for instance, LBRY TV, which is the YouTube TV alternative, had 2,500,000 users. This is a good sign that the platform is getting a good reception from the general public. If you are genuinely tired about unskippable ads, and the tracking that happens on YouTube, then LBRY is the way to go.
This is a platform that I can recommend to all content creators who are looking for ways to easily monetize their content and get paid instantly. Even when you offer your content for free, you can still have the viewers of that content tip you, as you can see on this Reddit review .
LBRY is at the moment experiencing accelerated growth due to the features that it offers, and it offers anyone who is interested in very legit income-generating opportunities. You can, therefore, jump on this opportunity early enough, so that you can stay ahead of other content creators before they discover about it.
Pros and cons
- It is ads-free
- Several income generating channels.
- Based on blockchain technology that allows you to easily share content.
- You are not usually tracked.
- You can develop apps that on top of it since it is an open-source platform.
- It is still growing, hence it does not have as many people as YouTube – It is, however, the better alternative.
That is pretty much what you need to know about what LBRY is. I hope you have enjoyed the review, and that you will a step to enjoy the services offered by this new age platform. Do not forget to have a look at these alternative ways in which you can make an income.
I wish you the best!