LBC is a decentralized marketplace where content creators and consumers can interact freely, without the intervention of centralized providers who many restrict what content is allowed to be posted. Consumers can browse content freely while eliminating all ads by contributing a small amount of coins.
Content creators no longer need to worry about being demonetized, and they receive a larger piece of the pie than they would with other platforms like Youtube. Thanks to cryptocurrency micropayments - artists, comedians, animators, and others can be paid for views or downloads instead. The platform has also created something called "Youtube Sync" which smartly allows for Youtubers to easily upload their content to LBC for additional earning potential.
There's only one problem with your LBRY Credits investment, and that's how users access videos and downloads hosted on their platform. Everything must be accessed through a peer to peer client, and while that's great for keeping things from being taken down, it's very difficult to get people to download and use something like this.
People are now accustomed to streaming everything. They won't even download music anymore, and that could be a big problem for this project.How to buy?
Investors can buy LBRY Credits on only a handful of exchanges, but they are very reputable options. The trading volume for this asset is also quite good, and that means that you'll be able to quickly and easily execute a trade and for a fair price. Bitcoin is the largest trading pair here, but there's also some volume within the US Dollar Tether pairing if you would prefer to utilize that.
In order to store your coins, you can choose to either use the built-in wallet that resides within the platform of this currency or you can instead utilize a third-party wallet. Coinomi has an LBC integration, and if you don't have any intentions of using the platform as a creator, then you can safely store your funds here instead. No matter which option you decide to use, it's important to back up your wallet file or seed phrase in the event that your host device is damaged, lost or stolen. This will be the only way that you can regain access to your funds.