Anyone with a modicum of technical skills can host a PeerTube server, aka an instance. Each instance hosts its users and their videos. In this way, <strong>every instance is created, moderated and maintained independently by various administrators.</strong>
You can still watch from your account videos hosted by other instances though if the administrator of your instance had previously connected it with other instances.
Storage: can be mitigated using <a target="_blank" rel="noopener noreferrer" href="https://docs.joinpeertube.org/maintain/remote-storage">S3/Object storage</a>
And there's more! PeerTube uses <a target="_blank" rel="noopener noreferrer" href="https://activitypub.rocks">ActivityPub</a>, a federating protocol that <strong>allows you to interact with other software</strong>, provided they also use this protocol. For example, PeerTube and Mastodon -a Twitter alternative- are connected: <strong>you can follow a PeerTube user from Mastodon</strong> (the latest videos from the PeerTube account you follow will appear in your feed), <strong>and even comment on a PeerTube-hosted video directly from your Mastodon's account.</strong>
Of course, PeerTube's video player adapts to your situation: if your installation does not allow peer-to-peer playback (corporate network, recalcitrant browser, etc.) video playback will be done in the classic way.
Update your name, avatar or description in <a target="_blank" rel="noopener noreferrer" href="https://docs.joinpeertube.org/use/setup-account#update-your-profile">your profile</a>
Mainstream online video broadcasting services make money off of your data by analyzing your interactions so that they can then bombard your with targeted advertising.
Many other improvements have been made in this new version. You can see the complete list on <a target="_blank" rel="noopener noreferrer" href="https://github.com/Chocobozzz/PeerTube/releases/tag/v1.3.0">https://github.com/Chocobozzz/PeerTube/releases/tag/v1.3.0</a>.
One of the benefits is that <strong>you become a part of the broadcasting of the videos you are watching</strong>. If other people are watching a PeerTube video at the same time as you, as long as your tab remains open, your browser shares bits of that video and you participate in a healthier use of the Internet.