## What Is Library Credit (LBRY)?

Library Credit (LBRY) is a platform that seeks to simplify the way digital content is distributed and accessed by both consumers and producers.

Library Credit uses a decentralized model to be fair, free, and open to all the involved parties.

More specifically, the platform functions as a distributed network built on top of a protocol that makes it easy for publishers to charge a fee to content consumers without censorship or the need for a middleman. 

The project was launched towards the end of 2018 and is now serving an active community.


### Who Are the Founders of Library Credit?

Jeremy Kaufman created Library Credit as a content hosting platform without any central authority. 

Aside from LBRY, Kaufman is also the founder of Topscore, a registry system for managing events and activities. He holds a degree certificate in physics and computer science from the Rensselaer Polytechnic Institute.

Another LBRY co-founder is Alex Grintsvayg. Before Library Credit, Grintsvayg designed and managed system architecture for SaaS companies. At LBRY, he is responsible for technological development and overseeing the firm's infrastructure growth. 

Like Kaufman, Grintsvayg attended the Rensselaer Polytechnic Institute, from which he graduated with degrees in computer science and psychology. 

Protocol engineer Lex Berezhny is responsible for the backend of crucial components such as the platform's wallets, protocol and blockchain.

Brannon King is a senior blockchain engineer at Library Credit. Before joining LBRY, Brannon created software in such languages as C++ and C#. 


#### What Makes Library Credit Unique?

Library Credit uses the concept of a [decentralized](https://coinmarketcap.com/alexandria/article/how-decentralized-are-decentralized-networks) and [distributed network](https://coinmarketcap.com/alexandria/article/what-is-distributed-ledger-technology-dlt) (across several host computers) to build a content sharing crypto platform that offers a level playing field for all participants.

It specifically seeks to solve some of the major problems (such as censorship, abuses of user privacy, unfair revenue sharing formula) that affect corporations that offer similar services. 

The revenue generated from content consumers’ activity is fully credited to publishers in their preferred payment method — whether in LBC (the native token) or through third-party processors.

Independent host providers can offer their computers’ processing power to earn a passive income on the platform. This mechanism is expected to make LBRY affordable and appealing to content creators.


#### Related Pages:

Read more about [Steem](https://coinmarketcap.com/currencies/steem/).

Find out more about [Sapien](https://coinmarketcap.com/currencies/sapien/).

Learn more about [Web 3.0](https://coinmarketcap.com/alexandria/article/what-is-web-3-0).

Take a look at the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


#### How Many Library Credit (LBC) Coins Are There in Circulation?

For the first 20 years of the project, one billion (1,000,000,000) LBC tokens are set to be in circulation. However, that figure will decrease gradually on an annual basis, with about a hundred thousand (100,000,000) for the first year.

Additional reduction of the total supply will be incurred through bonus credits reserved for giveaway events, strategically meant to create initial public awareness. 

See the full token allocation details below:



*   10% for partner organizations, charity firms and other strategic institutions. These include the EFF, ACLU and others with a strong reputation in advocating for digital rights, cybersecurity and the Internet's freedom. 
*   20% for awareness programs. This allocation will be freely distributed at the early stage of the project to drive adoption among users. 
*   10% for the team, to cover operational costs and team expenses (human capital management).
*   60% to be earned by the community via various activities, such as LBC mining.


### How Is Library Credit Network Secured?

The network is secured via an end-to-end encryption technology that combines a [blockchain](https://coinmarketcap.com/alexandria/article/why-nobody-can-hack-a-blockchain) model and DHT (distributed hash tables) data structure for encoding and retrieving data in a peer-to-peer exchange.

Additionally, LBRY prioritizes each publisher's intellectual property rights by using a robust record management system.

Additional measures such as hash modification, infringement penalties (defined in the DMCA) and processes that make infringements prohibitively expensive are continuously implemented to prevent other illegal activities. 

To further prohibit intellectual property infringement, users are subjected to laws such as the DMCA.


### Where Can You Buy Library Credit (LBC)?

LBC tokens are a critical component of the LBRY network. As such, the platform cannot operate without sufficient liquidity. 

At the time of writing, LBC is traded against different currency pairs on [exchanges](https://coinmarketcap.com/currencies/library-credit/) such as:



*   [Upbit](https://coinmarketcap.com/exchanges/upbit/)
*   [CoinEx](https://coinmarketcap.com/exchanges/coinex/)
*   [Bittrex](https://coinmarketcap.com/exchanges/bittrex/)
*   [Hotbit](https://coinmarketcap.com/exchanges/hotbit/)

For more info on how to buy LBC and other cryptos, see additional explanations [here](https://coinmarketcap.com/how-to-buy-bitcoin/). 


LBRY Credits

Energy Web Token (EWT) is the operational token behind the Energy Web Chain, a blockchain-based virtual machine designed to support and further application development for the energy sector.

Energy Web Chain was launched in June 2019. The Energy Web Foundation is the non-profit enterprise behind the project. EWT aims to bring diversity to the energy sector by allowing developers to create decentralized applications (DApps). The virtual machine has the potential to benefit actors from all areas of energetics, including grid operators, software developers, and vendors.

Energy Web Token

Grin

DigiByte (DGB) is an open source blockchain and asset creation platform. Development began in October 2013 and the genesis block of its DGB token was mined in January 2014 as a fork of Bitcoin (BTC).

A longstanding public blockchain and cryptocurrency, DigiByte uses five different algorithms to improve security, and originally aimed to improve on the Bitcoin blockchain’s security, capacity and transaction speed.

DigiByte consists of three layers: a smart contract “App Store,” a public ledger and the core protocol featuring nodes communicating to relay transactions.

DigiByte

Roobee (ROOBEE) is a blockchain-based investment platform that allows users to invest in products from both the traditional and crypto markets. The platform is under active development and is already operational. Behind the platform is a team of developers who won prizes in hackathons, including the 2017 and 2019 ETHWaterloo hackathons held in Canada by ETHGlobal.

The mission of Roobee is to give any person with any level income an opportunity to invest starting just from $10 in investment products that are only available to big institutional players, qualified investors, millionaires, and funds. With the help of the Roobee platform, the goal is to empower people from all over the world to invest in any of the many investment products available on the platform: crypto, stocks, ETFs, IPOs, real estate, and more.

ROOBEE

Siacoin (SC) is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network. The main goal of the project is to become the "backbone storage layer of the internet."

Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.

Siacoin

KardiaChain is a blockchain platform that aims to be fully interoperable and "non-invasive," meaning that blockchains can connect to the network without needing to make technical modifications to their own protocols. KardiaChain uses a dual-node structure to facilitate the connection between its own ledger and other blockchains, sharding for scalability and smart contracts for developers.

The platform relies on a native token, KAI, which is used for staking, transaction fees, participating in services and deploying smart contracts.

KardiaChain was first announced in October 2018, and its mainnet went live in December 2020.

KardiaChain

Basic Attention Token, or BAT, is the token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while providing advertisers with a better return on their ad spend.

To learn more about this project, check out our deep dive of Basic Attention Token.

This experience is delivered through the Brave Browser, where users can watch privacy-preserving adverts and receive BAT rewards for doing so. On the other hand, advertisers can deliver targeted ads to maximize engagement and cut down losses due to ad fraud and abuse.

The Basic Attention Token itself is the unit of reward in this advertising ecosystem, and is exchanged between advertisers, publishers and users. Advertisers pay for their advertising campaigns in BAT tokens. Out of this budget, a small portion is distributed to advertisers, while 70% is distributed to users — whereas the intermediaries that typically drive up advertising costs are cut out of the equation to improve cost-efficiency.

Basic Attention Token launched in 2017 following one of the fastest sell-out initial coin offerings (ICOs) of all time, with the platform raising a total of $35 million in under a minute. Since then, it has rolled out its attention-based advertising experience to users in most countries through its Brave Rewards program.

As of November 2020, the United States, the United Kingdom and Canada had the most active advertising campaigns.

Basic Attention Token

Handshake is a decentralized permissionless system that is intended to incentivize a distributed network of computers to operate a system for domain name ownership.

Under Handshake, every peer is tasked with validating and managing the root DNS naming zone, with the objective of providing an alternative to current certificate authorities and naming systems.

Different participants across the internet such as social networking handles and domains rely on a centralized approach. This means the systems depend on a system of honesty — and are still prone to cyber attacks and fraud.

Handshake aims to eradicate this problem by creating a decentralized internet that relies on a peer-to-peer system.

Handshake

DeepBrain Chain

Steem is a community-focused blockchain that creates an instant earning opportunity for the network’s users. The protocol is designed to provide an earning opportunity for customers based on their value to the network. It is designed to provide users with a platform where they can post curated content online, and get paid in cryptocurrency.

The protocol is a publicly available, incentivized blockchain database that allows users to interact with each other and earn in return. It leverages technologies from both social media and cryptocurrency to provide users with value. The network ensures the fair treatment of contributors by running a reward structure that reflects each user’s contribution.

Steemit is the first app that was built on the Steem blockchain, and it launched on July 4, 2016. The protocol aims to provide value for its community of users in the following ways:

To provide thoughtfully chosen news and commentaries.

Creating an opportunity to earn.

As a source that offers answers to users’ inquiries.

Offering a stable cryptocurrency pegged to the USD.

Steem

Audius is a decentralized music streaming protocol initially built on POA network, but now living on Solana. Audius was launched to remedy the inefficiencies of the music industry, which is plagued by intransparent music rights ownership and intermediaries standing between artists and their audience.

Audius aims to align the interests of artists, fans, and node operators through its platform powered by its native AUDIO token. Artists can upload music, stored and distributed by content and discovery nodes, that fans can listen to for free. Currently, Audius rewards content creators through rewards like featuring in the weekly trending lists. In the future, it plans to integrate stablecoins for artists to offer paid content, as well as artist tokens that give fans the ability to access exclusive content, potentially cooperating with platforms like Rally.

Audius

Lambda

Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.

To learn more about this project, check out our deep dive of Ren.

Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.

The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.

Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.

The VGX token serves as a cross-platform and cross-chain token focused on the gaming space. The goal of the VGX Foundation is to partner with projects and companies to integrate VGX in games and platforms, offering rewards and ownership for players regardless of the chain the game is built on.

VGX Token

The AVA utility token, developed by the AVA Foundation, embodies the concept of customer loyalty programs using blockchain technology to extend the applications of loyalty programs beyond that which can be achieved with traditional models.

Primarily, AVA functions as the key to accessing the AVA Smart Program, a web3 loyalty program that provides use cases to end users, such as loyalty rewards, discounts, gated access benefits, AVA bonuses and more. The token is also used as a payment alternative for purchasing goods and services on partner platforms and as a governance tool for the AVA community.

The overarching mission of the AVA Foundation is to create a decentralised, self-sufficient, and interconnected blockchain-based loyalty ecosystem with AVA at its core. The AVA Foundation aims to realise this mission by introducing the AVA Smart Program to partner projects in a cost-effective manner via a plug-and-play approach that provides participants with significantly greater utility, transparency, and autonomy over their rewards.

This approach cultivates an accessible and more frictionless experience by enabling users to benefit from a range of partner projects via a single loyalty program ecosystem, thus generating more use cases, bringing communities together, and amplifying the reach of the AVA token.

Ignis

ZEN is the governance and utility token for Horizen, a zero-knowledge-enabled network of blockchains powered by the largest node infrastructure in the industry. Blockchain interoperability is enabled by the Zendoo protocol, which uses SNARK-verification and allows for complete flexibility in sidechain type, consensus, and speed. Cryptographic verification of networked chains offers massive scale, and the network currently supports up to 10,000 sidechains with a throughput limit of 10,000,000 TPS.

Zendoo makes Horizen a permissionless network of blockchains. Developers can deploy their blockchains within the ecosystem using a variety of SDKs. In 2023, the ecosystem team launched Horizen EON, a public proof-of-stake sidechain and an EVM-compatible smart contracting platform that allows developers to efficiently build and deploy dapps on the Horizen ecosystem, while benefiting from the Ethereum ecosystem. Since going live with Horizen EON, DeFi projects including SpookySwap, Ascent Exchange, and Yuzu have successfully integrated into the Horizen ecosystem. Get started on Horizen EON today!

Horizen's native cryptocurrency, ZEN, is a mineable PoW coin currently trading on major exchanges, including Coinbase and Binance. ZEN can be staked to participate in Horizen's nearly 50,000 full node network.

While ZEN was previously a privacy token, following ZenIP 42204 in June of 2023, the network removed its existing privacy features in favor of moving towards a vision of adaptability and responsible, scalable growth.