Livepeer (LPT) is a decentralized network designed for real-time video transcoding and distribution, built on the Ethereum blockchain.
Its goal is to provide a scalable and cost-effective video infrastructure, allowing developers to efficiently integrate streaming capabilities into their applications.
Key features:
Decentralized transcoding: Livepeer enables the conversion of videos into different formats and resolutions through a network of participating nodes, eliminating reliance on centralized services and reducing costs.
Economic incentives: Network participants, known as "orchestrators" and "delegators", are rewarded with LPT tokens for providing transcoding resources and securing the network.
Scalability and efficiency: By leveraging a distributed network of nodes, Livepeer offers a scalable solution for the growing demand for video streaming services.
Utilities:
LPT Token: The native token of Livepeer is used to incentivize participation in the network, allowing orchestrators and delegators to earn rewards for their contributions.
Video transcoding: Developers can use Livepeer to integrate transcoding services into their applications, facilitating the delivery of video content in multiple formats and devices.
Technical document:
Livepeer has a whitepaper titled:
- "Livepeer Whitepaper: Protocol and Economic Incentives For a Decentralized Live Video Streaming Network"
Annual price evolution of Livepeer (LPT):
This is a list of the approximate price of LPT at the end of each year since its launch:
2018: $1.00
2019: $2.00
2020: $1.50
2021: $40.00
2022: $5.00
2023: $6.00
2024: $15.54 (as of December 15)
* Livepeer positions itself as an innovative solution in the field of video streaming, offering a decentralized infrastructure that reduces costs and improves scalability *
