Last July 25th The Lbry Latin America team announced in their weekly summary that the LBRY white paper was published on the IEE websiteE, the institute for electrical engineering and electronics.
The publication of the so-called white paper of the decentralized content platform in the World Association of Engineers, which are dedicated to standardization and development in technical areas, represents an added value for Lbry the quality of the scientific publications that are in the institute’s virtual library.
In this document Lbry’s white paper at the IEEE (Institute of Electrical and Electronic Engineers) speaks about Lbry’s proposal, which enables a decentralized market for online content. In particular, it uses a blockchain to build a decentralized, community-controlled content platform and enables its users to easily publish, host, search, access, download, and pay for content.
The IEEE Xplore Digital Library is a powerful resource for discovering scientific and technical content published by the IEEE (Institute of Electrical and Electronic Engineers) and its editorial partners.
The IEEE produces more than 30 percent of the literature published worldwide on electrical engineering, electronics, computers, telecommunications, telematics, mechatronics as well as control technology and robotics according to the association’s summary on Wikipedia.
LBRY has been used in public since June 2016. It was designed and optimized based on extensive feedback from practice. About 2 million digital content has been published on LBRY. Hundreds of thousands of users access and download and upload terabytes of data every month.
That’s why LBRY presents a new naming scheme that gives users complete control over their content names It uses a blockchain to not only support a digital currency (LBC) and a transparent decentralized general ledger, but also enables every user to access a synchronized namespace and a global index of content metadata that supports a new paradigm for the distribution of digital content.
LBRY: A decentralized blockchain-based market for digital content
This white paper explains how LBRY works, including designing your data structures for content, using the blockchain to manage and synchronize the namespace, and handling various issues when running LBRY.
In addition, customers can publish, host, search, access, download and pay for content in a decentralized global market. Use a public blockchain to create a community-controlled decentralized content platform that replaces the good parts of a centralized host (a common interface for storing data, finding interesting content, building a brand, paying for content and rewarding contributions) while eliminating disadvantages (opaque and arbitrary rules, rent extraction, censorship).
The blockchain solves several problems at the same time:
Mainly, metadata about every content on the network is stored, creating a full index of all published content. This index makes it easier to find content.
The index is public. Anyone can use it to build a better search engine or user interface, reduce platform risk, and make renting more difficult. A public index also makes it more difficult to hide copyright infringements.
Proof of work is also required to update the blockchain. Every censorship or rule change must therefore be strongly supported by the community.
The blockchain offers a payment mechanism in the protocol. Developers, developers and service providers can be paid for their efforts.
Verifiable identity becomes as simple as posting a public key in the chain.
LBRY’s goal is to create a digital content market for its users without a central authority or control point. It is based on the LBRY network, which consists of LBRY nodes, in which each user can run client software with a familiar user interface on an LBRY node to interact with their network, including publishing content such as videos or spreadsheets . Calculation.
You can also do this with any file by searching, downloading and downloading content that has been published by other users for free or against payment, or simply participating passively on the network to automatically receive rewards in exchange for a specific post.
Lbry in Latin America as an option for censorship
We announced this on June 23 The platform launched a fully Spanish version called Lbry Latam for Latin America and the Hispanic market in general.
The Spanish version of lbry.tv with blockchain technology was launched by the core team, which is to promote the decentralized platform for digital content LBRY in the region.
With increasing censorship in media such as YouTube, the use of the platform as a resilient alternative to corporate practices that run counter to the interests of the crypto ecosystem has increased.
On this occasion, Michael Mitnick, representative of the LBRY Latam team, pointed out that the content platform was generally a central place for many “influencers” to offer their censored channel on the alternative platform.
“With the LBRY protocol, you can continue to discover and support content creators and users alike. Content creators are looking for an alternative that breaks with the centralized and censored form of some platforms, and for the audience itself, who is also looking for an alternative where they may become publishers or content creators in LBRY in the future, ”said he. Michael when asked about the team’s expectations with this new version.