|LBRY uses a blockchain to store metadata related to digital content and provide pointers to a more traditional decentralized P2P network like BitTorrent. The blockchain also provides publisher identities, human-friendly URLs (e.g. lbry://@MinutePhysics/magnetic-levitation), and a payment mechanism.|
You can learn more at https://lbry.tech. https://lbry.tech/spec provides a detailed technical description of the protocol.
Unlike most blockchain companies, we did no ICO, no token sales to VCs, and have spent zero energy hyping or pumping the price of our coin.
Nonetheless, we were able to bank several million dollars at the peak of the cryptocurrency boom (we provide full transparency at https://lbry.io/credit-reports).
HN is regularly and rightly skeptical of blockchain. So our questions are:
- Do you see this as a promising use of blockchain?
- Does https://lbry.tech/spec provide a clear and thorough description of what LBRY is?
- How can we make LBRY better?
HN users seanyesmunt, lyoshenka and jiggytom all work on the LBRY project.