LBRY plans to offer a worldwide library of multimedia content, from books and movies to songs and video games; at the same time that it offers the option of digital marketing of those same works. Everything controlled solely by users: it is they who will de How does it work?
Let's imagine the example proposed by its developers: Ernst wants to publish his original movie through the platform, so he agrees to upload it. The feature film is then encrypted and cut into many pieces to be stored on various computers. Ernst then reserves the unique name lbry: // ernieruns, which will be the direct link to its content; Attach a description and a thumbnail image, and put a price (if you want). Elsewhere, Hillary, searching LBRY, discovers the movie and decides she wants to see it. So pay the price set by Ernst on LBC to get the decryption key, and right away, in a matter of seconds, you'll be watching the movie.
Here it is worth pausing to ask ourselves how to get these unique names, in case of being a creator. Well, let's get on with Ernst: he would have to bid approximately 0.1 LBC to the name lbry: // ernieruns. If available, it's yours. Otherwise, you have two options: choose another unique name or enter a name auction. In it, whoever offers the most by name is guaranteed, and if they make money from that address, they will be able to reinforce their claim with some of their benefits. If Ernst loses, the LBCs he bid on (which are basically 'on hold') are returned to him.
Now, it is also possible that, despite Ernst taking the name, in the future someone will challenge him to auction to get it. In such case, Ernst will have time to respond, support your case and ask for help from the community.
On the other hand, if Ernst sells his film, 100% of the profits go to him. And while there is a fee that buyers pay for hosting, it is expected to be very small in the future.