Content Sharing Platform LBRY Launches Creator-Controlled Blockchain Test App

Rage Comment : LBRY, a blockchain startup content sharing platform, deliberately chose the day of the US Independence Day to release decentralized blockchain applications and corresponding cryptocurrencies, allowing content creators to directly share their works without going through a third party, which not only guarantees the ownership of content creators' works, but also allows them to make a certain profit through their works. The corresponding cryptocurrency is not intended to compete with Bitcoin for business, but to provide a specific function to drive applications.

On Independence Day, blockchain startup LBRY launched a beta app and digital currency to help artists retain control over their work.

LBRY is a decentralized content sharing platform that allows artists, producers, writers, and others to share their works, while maintaining the artistry of their works and making a profit from their works. This marks the first functional application released on the platform after a year of development.

Mike Vine

Mike Vine, LBRY's technical evangelist, hopes that the app will be quickly accepted by the public. "That's it. We spent a year creating the app, and now we have a user app and a new cryptocurrency, all driven by a decentralized digital media market. To put it bluntly, if we do this job well, today's app launch is like the scream that triggered the avalanche, and it will definitely cause a huge response." The launch on Independence Day is for its meaning. The launch time of LBRY's app and the corresponding digital token was deliberately chosen on July 4, which is the Independence Day in the United States. The implication is to escape from the world of centralized content companies and pursue freedom and independence.

Josh Finer

Josh Finer, COO of LBRY , recently found that many people are very interested in this project, including those who are not very familiar with the concept of digital currency. "I welcome new users to our Slack channel. Last week, new users appeared like a spring, and we haven't started to promote our beta application. These users have just joined the digital currency community, but they have great enthusiasm for our project. Now we will publicly announce that we are ready to welcome more new users, and we will arrange these new users properly." Platform-specific application currency

The introduction of LBRY tokens (LBC) means that the binary era of Bitcoin and altcoins is over, and the era of “Appcoins” is coming.

Logically, Bitcoin is the main digital currency, and all others are altcoins, or simply alternatives to Bitcoin. However, the role of launching an application currency is not to find a currency with similar functions to Bitcoin, but to provide a specific function that drives the application. This currency is not intended to compete with Bitcoin.