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LBRY allows anyone to publish content to a location like this:
lbry://wonderfullife
Others can access this resource, either for free or for credits. Let's look at an example:
lbry://erniebythebay
, a shortname pointing to his content.Information about content is embedded in a blockchain, eliminating centralized failure points. Metadata and data are completely decoupled so that hosts never see metadata and miners never see data.
Patrons request content for free or offer credits for faster speeds or access. Hosts share or sell surplus bandwidth and disk space.
Publishers can choose friendly resource indicators like lbry://wonderfullife
instead of ugly BitTorrent magnet URIs.
URIs are reserved rather than owned, creating strong incentive for rights holders to use LBRY.
Publishers may embed an address to receive payment for data. Publishers can also create assurance contracts? for new content.
LBRY uses novel techniques to protect publishers, providers, and consumers. Hosts only have small portions of an encrypted file with no information of the contents.
LBRY is designed to allow others to create applications powered by it’s distributed, robust data store.