LBRY.IO
This is an amazing mining coin you can register here with your email to get invite:
http://lbry.io/get/?r=PhHRO
This coin focuses on development of the Bittorrent protocol and DHT layers to distribute content.
LBRY is a completely open source protocol that provides a decentralized digital marketplace.
A Sample Use
Let’s look at a sample use of LBRY, Ernest releasing a film on LBRY that is later purchased and viewed by Hillary.
1 Ernest wants to release his comedy-horror film, Ernie Runs For President.
2 The content is encrypted and sliced into many pieces. These pieces are stored by hosts.
3 Ernest reserves lbry://ernieruns, a name pointing to his content.
4 When Ernest reserves the location, he also submits metadata, such as a description and thumbnail.
5 Hillary, a user, opens her browser, searches the LBRY network, and decides she wants to watch the film.
6 Hillary issues a payment to Ernest for the decryption key, allowing her to watch the film.
7 Hillary’s LBRY client collects the pieces from the hosts and reassembles them, using the key to decrypt the pieces (if necessary). This is transparent to Hillary, the film streams within a few seconds after purchase.
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