LBRY Credits (LBC)

What is LBRY Credits Crypto Currency? LBRY Credits (LBC) is a cryptocurrency designed to power the LBRY protocol. LBRY is a decentralized content sharing platform, similar to BitTorrent, where users can buy, sell and publish digital content such as music, videos and text. The platform runs on a blockchain network, similar to Bitcoin. Who Founded It? LBRY was founded in 2015 by Jeremy Kauffman and Alex Grintsvayg. Both founders have extensive backgrounds in software engineering and applied mathematics, having worked for Google, Microsoft and Amazon respectively. What Makes it Unique? Unlike Bitcoin, LBRY is based on an open-source protocol which allows for the creation of unique applications and content. This allows for the creation of a more diverse market for digital products, where users can publish and monetize their own digital content. In addition, LBRY utilizes its native cryptocurrency, LBRY Credits (LBC). Transactions within LBRY are processed through LBC and users can also store their LBC securely in a digital wallet. Where Does It Used? LBRY's primary purpose is to power the publication and trading of digital content on their platform. Content creators can publish their work on LBRY and then receive payments in LBC for the sales of their products. In addition, LBRY is used to facilitate the transfer of digital assets such as music, video, books and text. All of these transactions are secured on the blockchain and users can also earn rewards in LBC for participating in the platform. Where to Buy/Sell It? LBRY Credits can be bought and sold on numerous cryptocurrency exchanges such as Bittrex, Poloniex and Binance. Users can also buy LBC directly from the LBRY website. Conclusion LBRY Credits is a decentralized cryptocurrency designed to power the LBRY platform. It is used to facilitate the trading of digital content and digital assets on the network. LBC is bought and sold on cryptocurrency exchanges, as well as directly through the LBRY website.