Video hosting or sharing platforms represent services that facilitate the upload, viewing, sharing, and streaming of video-based content on the Internet.
At this point in time, Google’s YouTube represents the world’s largest video sharing platform, with over 1.9 billion monthly logged users, one billion hours-worth of video watched daily, and 500+ hours of content uploaded every minute of the day.
Despite these impressive numbers, YouTube isn’t without flaws. In fact, the video-sharing platform has many disadvantages and has been involved in numerous controversies that spawn from its very nature – centralization.
These issues include, but are not limited to strict video monetisation policies, unfair video promotion algorithms, lack of a personalized support service, vague terms & conditions, data collection controversies, and privacy concerns.
Because of these pressing challenges, numerous YouTube viewers and content creators are actively considering the idea of migrating to an alternative platform.
The rise of blockchain technology has led to the appearance of several innovative video sharing platforms that are definitely worth anyone’s consideration.
While these platforms are considerably less widespread when compared to YouTube, some provide decentralization, open-source development, transparent terms & conditions, improved search algorithms, privacy-focused approaches, alternative payment systems for content creators (cryptocurrencies), and more.
Others provide blockchain-based decentralized infrastructures that are needed to obtain these benefits through existing platform integration.
Best blockchain-based YouTube alternatives
Without further ado, here is an overview of the market’s best blockchain-based alternatives to YouTube, alongside several options that are bound to improve the current video streaming solutions.
LBRY does not refer to itself as a video sharing service, but rather as a marketplace for all types of digital content, with a focus…