The LBRY Spec: A child of Bitcoin and BitTorrent
LBRY uses a blockchain to store metadata related to digital content and a pointer to a Bittorrent-like data network, which stores the content itself. The blockchain also provides publisher identities, human-friendly URLs (e.g. lbry://@MinutePhysics/magnetic-levitation), and a payment mechanism.
Today we're releasing https://lbry.tech/spec, 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).
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?
LBRY is king!
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Ive been using Spee.ch for a week now and really enjoy how I can host my images on the blockchain. Planning on starting my own instance. Most of my recent pictures are hosted through the LBRY protocol and the Spee.ch platform.
It would be nice if the about section explained the mechanisms of action of how posts are put on the blockchain using Speech. Such as IPFS, or proof of work or however the data is being broadcasted to the network.
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