Page Summary
LBRY is a blockchain-based file-sharing network. It powers decentralized social media and video platforms. Odyssee is a decentralized video-sharing network that uses LBRY. It is free of censorship, pornography, violence, and terrorism.
What is the LBRY protocol?
The LBRY protocol is a decentralized file-sharing network that uses BitTorrent and blockchain technology. Anyone can create an account and upload content to the network. LBRY cannot delete this content. The project is open-source and uses peer-to-peer file-sharing technology.
Content Moderation on the LBRY Network
Moderators cannot moderate content on the LBRY network because it uses blockchain technology. Users hosted Illegal content like blueprints for 3D printed guns on the platform which moderators couldn’t remove. LBRY’s CEO said he would only remove such content if the court deems it illegal.
LBC Cryptocurrency
LBC credits are the native tokens of LBRY. Content uploaders can earn tips or charge other viewers in this cryptocurrency. People can trade LBRY on cryptocurrency exchanges like Bittrex, CoinEX, and Hotbit.
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…