How to Buy

Library Credit (LBRY) is a platform that aims to simplify the distribution and access of digital content for both consumers and producers.

Using a decentralized model, Library Credit provides fairness, freedom, and openness to all parties involved.

It functions as a distributed network built on a protocol that allows publishers to charge fees to content consumers without censorship or the need for intermediaries.

The project was launched in late 2018 and now has an active community.

Jeremy Kaufman created Library Credit as a content hosting platform without any central authority.

In addition to LBRY, Kaufman is the founder of Topscore, a registry system for managing events and activities. He holds a degree in physics and computer science from the Rensselaer Polytechnic Institute.

Alex Grintsvayg is another co-founder of LBRY. Prior to Library Credit, Grintsvayg designed and managed system architecture for SaaS companies. At LBRY, he is responsible for technological development and overseeing infrastructure growth.

Like Kaufman, Grintsvayg attended the Rensselaer Polytechnic Institute and holds degrees in computer science and psychology.

Lex Berezhny, a protocol engineer, is responsible for the backend of crucial components such as wallets, protocol, and blockchain.

Brannon King, a senior blockchain engineer at Library Credit, has experience creating software in languages such as C++ and C#.

Library Credit stands out by utilizing a decentralized and distributed network to create a crypto platform for content sharing. It offers a level playing field for all participants.

The platform aims to solve major problems faced by corporations providing similar services, including censorship, user privacy abuses, and unfair revenue sharing.

All revenue generated from content consumers is fully credited to publishers in their preferred payment method, whether in LBC (the native token) or through third-party processors.

Independent host providers can earn a passive income by offering their computer's processing power on the platform. This mechanism makes LBRY affordable and appealing to content creators.

For the first 20 years of the project, there will be one billion (1,000,000,000) LBC tokens in circulation. This total supply will gradually decrease on an annual basis, with around a hundred million (100,000,000) tokens in the first year.

Additional reduction of the total supply will occur through bonus credits reserved for giveaway events, strategically designed to create initial public awareness.

Here is the breakdown of token allocation:

• 10% for partner organizations, charity firms, and strategic institutions such as EFF and ACLU.
• 20% for awareness programs to drive adoption among users.
• 10% for the team to cover operational costs and team expenses.
• 60% to be earned by the community through activities like LBC mining.

The network is secured using end-to-end encryption technology that combines a blockchain model and distributed hash tables (DHT) data structure for encoding and retrieving data in a peer-to-peer exchange.

LBRY prioritizes the intellectual property rights of each publisher through a robust record management system.

Additional measures, such as hash modification, infringement penalties defined in the DMCA, and processes that make infringements prohibitively expensive, are continuously implemented to prevent illegal activities.

Users are also subject to laws such as the DMCA to further prohibit intellectual property infringement.

LBC tokens are a critical component of the LBRY network, and the platform requires sufficient liquidity.

Currently, LBC is traded against different currency pairs on exchanges such as Upbit, CoinEx, Bittrex, and Hotbit.

For more information on how to buy LBC and other cryptocurrencies, refer to additional explanations here.