Livepeer ( $LPT ) What is COIN?

Livepeer is known as a video processing network with a decentralized structure and video processing protocol. This platform offers content producers or developers the opportunity to process their content with low costs and a decentralized structure. While providing this opportunity, incentives are provided in crypto. The Livepeer platform, based on the foundations of the Ethereum Blockchain, has a system that works through smart contracts.

When we look at the Livepeer project, we see that a modified version of the Delegated Proof of Stake (DPoS) mechanism is used. Thanks to this mechanism, token-holding users have decisions on different issues related to the entire network, from the verification of transactions within the system to the determination of protocol rules. When content is to be distributed within the Livepeer network, participants called "Orchestrators" have key roles. These participants have sufficient computing power and can convert the resources they have into video as code, and they must distribute it to paying publishers and developers. However, these features are required for a network participant to become an “Orchestrator”.