LBRY is a free, open, and community-run digital marketplace.You own your data. You control the network. Indeed, you are the network.Hollywood films, college lessons, amazing streamers and more are on the first media network ruled by you.
LBRY Credits (LBC) is the native cryptocurrency of LBRY, a decentralized platform for publishing and sharing digital content like videos, images, and documents. Think of it as a token that powers a marketplace where creators host their files on a peer-to-peer network instead of on corporate servers. LBC is used to pay for content, tip creators, and reward participants who help run the network.
LBC is the payment and incentive token of the LBRY content-sharing protocol, whereas Bitcoin is primarily a store of value and payment network. While both are mineable proof-of-work coins, LBC is purpose-built for discovering, buying, and publishing digital content within the LBRY ecosystem.
LBRY uses a blockchain combined with a peer-to-peer data network: the blockchain records content metadata, claims, and payments, while the actual files are stored across users' computers. It runs on a proof-of-work consensus, so miners validate transactions and secure the network, earning new coins as a reward.
LBC is mineable, meaning new coins enter circulation through block rewards paid to miners. The reward decreases over time according to a fixed emission schedule, gradually slowing the creation of new coins until the total supply approaches its hard cap of around 1 billion LBC.
LBC can be stored in the official LBRY desktop wallet, which doubles as the app for browsing and publishing content on the network. Within the ecosystem, you use it to buy paid content, tip creators, and boost the visibility of publications, and it can also be traded on exchanges that list it.