LBC now traded on the fastest, safest digital asset exchange in
today, LBRY Credits (LBC) are now available for exchange with other digital
assets on ShapeShift.io.
Using the groundbreaking service, anyone can exchange their preferred digital
currency for LBRY Credits (LBC) instantly with no account, no emails, and no
ShapeShift founder and CEO Erik Voorhees commented on the announcement:
“The world is improved by the
existence of LBRY – an innovative method of content dissemination – and we’re
honored to add it to ShapeShift. I’ve been watching the LBRY project for
months, and am thrilled to make it instantly available for trading with all
other leading digital assets.”
the July 4th launch of LBRY’s beta and live blockchain,
LBRY Credits have been listed on both the well-known Bittrex and Poloniex exchanges.
This gave cryptocoin markets global access to LBC. As a result, the appcoin’s
value has gone from essentially nothing to today’s trading price of about
US$0.26. On top of that, the hashrate of the LBRY blockchain grew by 693,000%
in the first 10 days after the launch of beta, and another 2X since then – to
about 1.7 TH/s today.
on ShapeShift is expected to bring additional depth and liquidity to LBC.
ShapeShift is widely considered the most convenient digital asset exchange, and
it also expands the potential of LBRY through its application programming
interfaces (APIs). These will allow any developer to integrate LBC into
third-party wallets and software platforms that are primarily designed around
While this is big news for LBC as a digital asset, it also has
bearing on LBRY’s core purpose to enable content creators to connect with their
LBRY’s hurdles to mainstream acceptance – a barrier the founders have
anticipated from the beginning – is making LBC a truly useful method of
payment. You’re a brilliant filmmaker who has
just released his feature-length film on LBRY, and it’s a hit! The LBC are
flowing into your wallet. Now what do you do with them?
ShapeShift, anyone who holds LBC will be able to quickly and securely exchange
them for another cryptocurrency, such as Bitcoin. From there, creators can
spend them anywhere Bitcoin is accepted – including Overstock, Amazon (via
Purse), Gyft, Expedia, and a rapidly increasing number of brick-and-mortar
process works in reverse. Content consumers will now be able to easily acquire
LBC to make purchases on LBRY.
”ShapeShift has dramatically
lowered transaction costs between cryptocoins, creating a kind of 'universal
translator' that allows people to use specialized coins for particular purposes
but enjoy the benefits of Bitcoin's widespread use. It is an important
milestone to have LBRY Credits listed there, and we are exploring ways to
integrate ShapeShift into the LBRY protocol.” -
Mike Vine, LBRY Evangelist
is how blockchain asset exchange should work. From start to finish users can
convert digital assets in seconds, with no account required. No emails or
passwords. No lengthy signup process. No accounts. No bid and ask orders. No
friction. ShapeShift's goal is to be the fastest, safest, and most convenient
way to trade digital assets. ShapeShift Press Kit.
a content-sharing and publishing platform that is decentralized and owned by
its users. It allows content creators to post their works to the hosting
network, set their price per view/download, and collect payment in a new
cryptocoin called LBRY Credits. Since LBRY is a protocol as opposed to a
centralized service, there is no entity to take a “cut” of transactions or
change the terms in an attempt to “monetize” the product. It’s like a new
extension of the internet for delivering all media – films, ebooks, songs, and
apps – from creators directly to consumers with radical efficiency. LBRY Press Kit