decentralized platform run on the LBRY network which enables its users to upload and discover videos</strong>. It is built on a censorship-resistant network that secures every transaction by making it immutable.</p>\n<p>It’s made up of three major components:</p>\n<ol>\n<li><strong>Decentralization</strong>. It doesn’t matter where you’re located, you will be able to view videos from all over the world. You won’t need <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-virtual-private-network-vpn/">
VPNs to access specific content since won’t be restricted based on location. The decentralization feature is reminiscent of <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">
Bitcoin which stores transactions in the systems all over the network.</li>\n<li><strong>A safe space for your content</strong>. With Odysee, you can rest assured that your videos won’t be taken down for unspecified reasons like they have been on other video-sharing platforms. The main reason behind not removing videos is the extreme energy consumption and computing power it requires to go through the entire process. Still, Odysee does have its own community guidelines that outline what kind of content is not welcome on the platform and restrict content based on said guidelines.</li>\n<li><strong>Post content that brings you profit</strong>. Content creators can reward viewers through subscriptions or tips in the form of LBRY credits (LBC). Additionally, users are able to earn tips just by liking or commenting on other videos.</li>\n</ol>\n<p>When you access the Odysee platform, you’re given the necessary tools to create a channel where you can create and upload videos. Keep in mind that, Odyssey does not demand fees from its creators.</p>\n<p>On the other side of the platform, you can browse through a wide range of video content with the option to subscribe to your favorite creators and leave likes and comments. It’s similar to Youtube and can be considered its alternative option.</p>\n<p><strong>What is the difference between Odysee and LBRY?</strong></p>\n<p>LBRY Blockchain, also referred to as LBRY Network, is responsible for the development of Odysee. LBRY Network is a public, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-open-source/">
open-source protocol based on blockchain technology.</p>\n<p>Its main functions include creating and publishing videos, and content exploration. LBRY provides the opportunity to rent or buy a variety of videos including ones from major film studios.</p>\n<p>It can be compared to Netflix except LBRY has implemented a decentralized system that is run by its community. It even aims to gain rights to host popular tv series, movies, and documentaries.</p>\n<p>On the other hand, LBRY TV is a video-sharing platform that gives a lot of freedom to its creators. Here, they can earn money without having to worry about paying additional fees. What’s more, is that the platform is now offering a hosting solution where the creators can link Odysee users to their own website. Additionally, the company envisions the removal of advertising on video-sharing platforms.</p>","level":"medium","meta_title":"What is Odysee? 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Reality","featured_image_id":6411,"status":"published","chapter_id":6,"language":"en","order":14,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-the-metaverse","featured_image":{"id":6411,"uuid":"fad79626-bbf1-4fc0-9e99-bde5597c1bc7","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-metaverse.o.jpg","path":"crypto/storage/media/what-is-metaverse.o.jpg","original_path":"crypto/storage/media/what-is-metaverse.jpg","name":"what-is-metaverse.o.jpg","original_name":"what-is-metaverse.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"88.15KB"},"youtube_video":null}]},{"id":7,"title":"Trading & Investing","slug":"trading-and-investing","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-trading.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-trading-101.jpg","rating":80,"sections":[{"slug":"where-to-trade-crypto","title":"Where Can You Trade Cryptocurrencies?","featured_image_id":10342,"status":"published","chapter_id":7,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/where-to-trade-crypto","featured_image":{"id":10342,"uuid":"0bd8d78a-9423-48ee-9161-34dc1872b97c","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/where-to-trade-crypto-featured-image.jpg","path":"crypto/storage/optimized/where-to-trade-crypto-featured-image.jpg","original_path":"crypto/storage/original/where-to-trade-crypto-featured-image.jpg","name":"where-to-trade-crypto-featured-image.jpg","original_name":"where-to-trade-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"85.96KB"},"youtube_video":null},{"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","featured_image_id":10729,"status":"published","chapter_id":7,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-invest-in-crypto","featured_image":{"id":10729,"uuid":"3439a1db-9892-404a-b4b6-a1db5a34bca4","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-invest-in-crypto-featured-image.jpg","name":"how-to-invest-in-crypto-featured-image.jpg","original_name":"how-to-invest-in-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"75.22KB"},"youtube_video":null},{"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","featured_image_id":11310,"status":"published","chapter_id":7,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/ico-vs-ido","featured_image":{"id":11310,"uuid":"315e8a2b-93a1-4870-be48-a2a09d801663","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/ico-vs-ido-featured-image.jpg","path":"crypto/storage/optimized/ico-vs-ido-featured-image.jpg","original_path":"crypto/storage/original/ico-vs-ido-featured-image.jpg","name":"ico-vs-ido-featured-image.jpg","original_name":"ico-vs-ido-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"64.39KB"},"youtube_video":null},{"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","featured_image_id":11359,"status":"published","chapter_id":7,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-airdrop","featured_image":{"id":11359,"uuid":"7b43c968-1275-4d3e-acb1-1707a43a4014","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-airdrop-featured-image.jpg","name":"what-is-an-airdrop-featured-image.jpg","original_name":"what-is-an-airdrop-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"66.05KB"},"youtube_video":null},{"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-arbitrage-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":905,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Opera Mainnet (Fantom)?","slug":"what-is-opera-mainnet-fantom","section":"O","keyword":"Opera Mainnet (Fantom)","status":"published","definition":"An open-source framework that allows anyone to engage in the network through governance and staking refers to Opera Mainnet (Fantom).","content":"<p>Opera Mainnet (Fantom) is an <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-open-source/">
open-source framework that enables the possibility for anyone to partake in the network through governance and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-staking/">
staking. It was launched in December of 2019, therefore, it was the most recent operating <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">
blockchain./n
The native token of Fantom (FTM) is used in the network for staking, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-on-chain-governance/">on-chain governance</strong></a>, and platform fees.</p>\n<p>Lachesis consensus mixes <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-stake-pos/">proof-of-stake (PoS)</strong></a> and<strong> Asynchronous Byzantine Fault Tolerance (aBFT) consensus mechanisms</strong> as a way to achieve cheaper and speedier transactions as opposed to other blockchains. It is used by Fantom and also offers a very safe environment.</p>\n<p>The Fantom Opera Mainnet is compatible with the<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-ethereum-virtual-machine-evm/"> Ethereum Virtual Machine (EVM)</strong></a> and offers <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</strong></a> support using <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-solidity/">Solidity.
/n
What is Lachesis?</h2>\n<p>Instead of copying the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-work-pow/">proof-of-work (PoW)</strong></a> operations that are utilized in <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin and <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum, Fantom uses its personal consensus strategy named Lachesis. The strategy allows Fantom to operate in a way <strong>faster</strong> manner and be more high-performance than previous versions.</p>\n<p>The enthusiasts of the network indicate that Lachesis is perfect for applications that, because of its speed, need a big amount of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-throughput/">throughput./nFurthermore, the issue that made it possible that only two or three requirements might be included in consensus algorithms at the same time, has been solved.</p>\n<p>Lachesis was famous for having an Asynchronous Byzantine Fault Tolerance consensus process. Fantom's creators claim to have identified a solution to the scaling issue with blockchains. It is critical that this can be accomplished without jeopardizing other essential network features such as security and decentralization.</p>\n<p>The key advantage of Lachesis over Practical Byzantine Fault Tolerant (pBFT) consensus systems is its resilience to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-denial-of-service-dos-attack/">distributed denial of service attacks (DDoS)</strong></a>. Furthermore, aBTF systems are intended to be quicker than pBFT-based consensus approaches.</p>\n<h2>Fantom’s Architecture</h2>\n<p>The Opera Core, Opera Ware, and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-application-layer/">Application Layer</strong></a> are the three layers that make up the Fantom architecture running on top of each other. Fantom is unique in that it needs a second type of node known as an observer node to validate transactions and uses the dPOS approach to choose validating nodes. In addition, users must have at least 1,000,000 FTM in order to employ a validator.</p>\n<p>The Lachesis Protocol's bottom is Opera Core, which is in charge of keeping node consensus. Each transaction is stored on each node.</p>\n<p>In the middle, is<strong> Opera Ware</strong> and it enabled the protocol to run tasks such as providing incentives and developing Story Data.</p>\n<p>On top is the Opera Application which contains <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-api/">APIs that are accessible to the public and enable developers to connect with the Opera Ware layer using their <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-decentralized-applications-dapps/">dApps.
/nApplications such as supply-chain management need recordings of information from an application that has this function and is developed from its Story Data.</p>\n<h2>What is the Fantom Virtual Machine?</h2>\n<p>Firstly, the Fantom Virtual Machine is utilized on the mainnet of Fantom Opera. It is essentially a Fantom’s software development supply that offers the tools to develop and implement dApps (Decentralized Finance apps).</p>\n<p>Opera also supports the Ethereum Virtual Machine (EVM).</p>\n<p>It allows developers to move their apps that are Ethereum-based and decentralized to the Fantom network without any complexity. This also guarantees that it will be fitting with the most prominent <strong>smart contract-based platform.</strong></p>\n<h2>How is Fantom Different?</h2>\n<p>Firstly, since the blocks in the Fantom network are self-retained it is more decentralized. All of the decentralized applications that operate on their personal blockchain are connected to the Lachesis consensus.</p>\n<p>Like any other proof-of-stake blockchain, Lachesis’ PoS mechanism enables validators to issue new blocks by staking their FTM. The aBFT protocol is the major factor of the Lachesis consensus because it makes it possible for nodes to build blocks individually.</p>\n<p>In that regard, nodes are able to come to an agreement on their own by using a two-factor confirmation mechanism as long as they obtain a majority of two-thirds. This removes the requirement of a leader node to create blocks, increasing the speed of the transactions and keeping superior protection.</p>\n<p>Furthermore, Bitcoin and Ethereum are first-and second-generation blockchains, correspondingly, and were not designed to scale. Decentralization and security were the most critical considerations.</p>\n<p>As a result, network transaction rates drop down, especially if more nodes are added. A transaction on the Bitcoin blockchain network, for example, may take up to 15 minutes. Transactions on the Fantom network, on the other hand, might be executed in a couple of moments.</p>\n<p>The Byzantine Fault Tolerance approach enables consensus even when there are faulty or malicious nodes in the network. It could possibly handle up to one-third of the network's faulty or malicious nodes without producing a service disruption.</p>\n<p>Also, Fantom is <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-permissionless/">permissionless. Meaning that everyone can operate a node.</p>","level":"hard","meta_title":"What is Opera Mainnet (Fantom)? Definition & Meaning | Crypto Wiki","meta_description":"Opera Mainnet (Fantom) meaning: Opera Mainnet (Fantom) - An open-source framework that allows anyone to engage in the network through governance and staking refers to Opera Mainnet (Fantom).","meta_keywords":null,"language":"en","created_at":"2022-04-11T06:11:37.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-opera-mainnet-fantom"},"prevSection":{"id":883,"original_id":null,"author_id":42,"translator_id":null,"title":"What is Optimistic Oracle?","slug":"what-is-optimistic-oracle","section":"O","keyword":"Optimistic Oracle","status":"published","definition":"a type of oracle in which real-world data is combined with decentralized systems, and the data is assumed to be correct if it hasn't been disputed for a specific amount of time.","content":"<p>An <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-oracles/">oracle that combines real-world data with <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralized-network/">decentralized systems</strong></a> and in which the data is accepted as true (if it hasn’t been disputed for a certain period) is referred to as an optimistic oracle. The optimistic oracle is <strong>different from the price-feed oracle</strong>, which streams prices <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-on-chain/">on-chain without recourse or error protection.</p>\n<p>Optimistic oracles can be employed in different ways than to price-feed oracles due to their unique design. They can offer arbitrary data and <strong>long-tail information requests</strong> in addition to asset prices that price-feed oracles might not be able to support.</p>\n<p>Since inaccurate data can be challenged, the optimistic oracle protects <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</strong></a> and users from external data feed tampering. Other oracle systems are only <strong>as secure as their data stream</strong>, therefore this is a unique feature of optimistic oracles.</p>","level":"easy","meta_title":"What is Optimistic Oracle? Definition & Meaning | Crypto Wiki","meta_description":"Optimistic Oracle meaning: Optimistic Oracle - a type of oracle in which real-world data is combined with decentralized systems, and the data is assumed to be correct if it hasn't been disputed for a specific amount of time.","meta_keywords":null,"language":"en","created_at":"2022-04-08T10:54:21.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-optimistic-oracle"},"currentChapter":"O","currentSection":"what-is-odysee","chapterTitle":"O","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-odysee","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter O
What is Odysee?
Odysee MEANING:
Odysee -
is a video-sharing website developed on the LBRY network.
Let's find out Odysee meaning, definition in crypto,
what is Odysee,
and all other detailed facts.
Odysee, formerly known as lbry.tv, is a decentralized platform run on the LBRY network which enables its users to upload and discover videos. It is built on a censorship-resistant network that secures every transaction by making it immutable.
It’s made up of three major components:
- Decentralization. It doesn’t matter where you’re located, you will be able to view videos from all over the world. You won’t need VPNs to access specific content since won’t be restricted based on location. The decentralization feature is reminiscent of Bitcoin which stores transactions in the systems all over the network.
- A safe space for your content. With Odysee, you can rest assured that your videos won’t be taken down for unspecified reasons like they have been on other video-sharing platforms. The main reason behind not removing videos is the extreme energy consumption and computing power it requires to go through the entire process. Still, Odysee does have its own community guidelines that outline what kind of content is not welcome on the platform and restrict content based on said guidelines.
- Post content that brings you profit. Content creators can reward viewers through subscriptions or tips in the form of LBRY credits (LBC). Additionally, users are able to earn tips just by liking or commenting on other videos.
When you access the Odysee platform, you’re given the necessary tools to create a channel where you can create and upload videos. Keep in mind that, Odyssey does not demand fees from its creators.
On the other side of the platform, you can browse through a wide range of video content with the option to subscribe to your favorite creators and leave likes and comments. It’s similar to Youtube and can be considered its alternative option.
What is the difference between Odysee and LBRY?
LBRY Blockchain, also referred to as LBRY Network, is responsible for the development of Odysee. LBRY Network is a public, open-source protocol based on blockchain technology.
Its main functions include creating and publishing videos, and content exploration. LBRY provides the opportunity to rent or buy a variety of videos including ones from major film studios.
It can be compared to Netflix except LBRY has implemented a decentralized system that is run by its community. It even aims to gain rights to host popular tv series, movies, and documentaries.
On the other hand, LBRY TV is a video-sharing platform that gives a lot of freedom to its creators. Here, they can earn money without having to worry about paying additional fees. What’s more, is that the platform is now offering a hosting solution where the creators can link Odysee users to their own website. Additionally, the company envisions the removal of advertising on video-sharing platforms.
