LBRY: YouTube Alternative on the Blockchain with Crypto Rewards
LBRY is a blockchain-based social media platform that rewards its users with a cryptocurrency called Library Credits (LBC) when they watch and upload video contents
LBRY has been considered to be one of the answers to the end of censorship from centralized video platforms such as YouTube. LBRY is a blockchain-based social media platform that has been around the crypto space since 2015 with an all-time high market capitalization of $170 million. LBRY rewards its users with a cryptocurrency called Library Credits (LBC) when they watch and upload video contents.
It might be quite difficult for an average user to adapt to decentralized blockchain social networks because they are not yet easy to set up, most of them don’t have a simple mobile app are not on play store, they have low traffic compared to centralised platforms like youtube and Facebook. But as many begin to understand the need to have a voice that cannot and should not be silenced censored, then will they start embracing this kind of platforms.
Watch the video below to understand LBRY
How to Connect Your Youtube Channel to LBRY
After completing all steps, you will receive an email that looks like :