The LBRY protocol is a decentralized file-sharing and payment network built using blockchain and BitTorrent technology. Securities and Exchange Commission which found that LBRY had sold unregistered securities. The company closed in July 2023 after losing a lawsuit from the U.S. LBRY, Inc.'s CEO was Jeremy Kauffman, a libertarian activist who was inspired to create LBRY to 'provide people with choices for content', implicitly critical of the curated choices provided by YouTube.
Odysee lightly moderates content based on community guidelines its web site delists videos containing pornography and the promotion of violence and terrorism, although delisted videos remain available on the platform's blockchain data store. Video platforms built on LBRY, such as Odysee, have been described as decentralized, fringe alternatives to YouTube.
LBRY's creators also created Odysee, an open-source video-sharing website that uses the network, which was split into a separate company on October 1, 2021. LBRY (pronounced 'library') is a blockchain-based file-sharing and payment network that powers decentralized platforms, primarily social networks and video platforms.
