Rank #883
9,746 people like this
lbry credits  (LBC)

LBRY Credits (LBC)

$0.047785016588 -6.5%
0.00000085 BTC -5.4%
9,746 people like this
24H Range
Market Cap $30,206,987
24 Hour Trading Vol $114,560
Circulating Supply 637,071,011
Total Supply 1,083,202,000
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LBRY Credits (LBC) Price Chart

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LBC Price and Market Stats

LBC Price $0.047389017359
Market Cap $30,206,987
Market Cap Dominance 0.00%
Trading Volume $112,526
Volume / Market Cap 0.0037
24h Low / 24h High $0.046015392347 / $0.051592095026
7d Low / 7d High $0.043969495926 / $0.051536778469
Market Cap Rank #883
All-Time High $1.60 -97.0%
Jul 14, 2016 (over 5 years)
All-Time Low $0.004834247646 880.8%
Mar 16, 2020 (over 1 year)

LBRY Credits Coin Price & Market Data

LBRY Credits price today is $0.047785016588 with a 24-hour trading volume of $114,560. LBC price is down -6.5% in the last 24 hours. It has a circulating supply of 640 Million LBC coins and a total supply of 1.08 Billion. If you are looking to buy or sell LBRY Credits, Bittrex is currently the most active exchange.

LBRY (pronounced “Library”) is a decentralized digital content distribution protocol and a marketplace for the same. It supports a variety of content which includes but not limited to videos, songs, ebooks, etc. LBRY uses blockchain at its core, which enables content to only be controlled by its author/ publisher, not by any third party, effectively eliminating issues like censorship and copyright strikes. Since the code of the LBRY project is open-source, developers can create their own decentralized apps (dApps). Content creators can use these apps to upload their content on the LBRY network and monetize it by setting a fee. LBRY credits or simply LBC is the cryptocurrency created by the LBRY network to fuel its entire digital content market. The LBC coin is required by consumers to access the monetized content on LBRY network. The LBRY platform also allows LBC mining by giving block rewards.

Jeremy Kauffman co-founded LBRY Inc. with the vision of a decentralized global content hub, controlled and owned by no one. Currently, Jeremy is the chief executive officer of LBRY Inc. Before working on the LBRY project, Jeremy founded TopScore, a million dollars event and activity registrations startup. There are three other co-founders who serves on different positions in LRBY Inc: Alex Grintsvayg (Chief Technical Officer), Josh Finer (Director of Operations and Analytics), and Jack Robison (Protocol Developer).

LBRY provides its own official app, which can be used to store LBC. The LBRY app is available for multiple operating systems such as Windows, MacOS, and Linux. Android and iOS versions are still in development. Other than its official LBRY wallet, users can opt for the Coinomi mobile wallet, which is recommended by LBRY. LBC can only be obtained through exchange. Users can also take advantage of LBC mining and various rewards given in LBC coin by LBRY network to its users.

Although the concept behind the LBRY network has a lot of potential for growth, it faces competition directly against the entertainment giants such as YouTube and Netflix, and some of these platforms have been around for more than a decade.

LBRY Credits News & Guides

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