Review on LBRY Credits by Syed Adnan
Digital content distribution platform.
Although the concept behind the network has a lot of potential to develop, it faces direct competition against entertainment giants such as YouTube and Netflix, and some of these platforms have been around for more than a decade.
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Pros
- It's a monetization tool on its network. This is a requirement for accessing content uploaded on the network. If a content creator publishes certain content, they may choose to monetize the content by setting a fee. And if a content consumer wants to consume that content, they first need to spend that money to buy that content.
- The user can receive predefined rewards, some of which may only be one-time or some may be repeated. Also, the amount paid as a reward may vary with each award.
Cons
- The main thing to consider before investing is its performance in the cryptocurrency market. It has not performed so well since its inception.
