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Logo
LPT

Livepeer

$3.8047
2.77%
Open
-
High
-
Low
-
Vol.
-
coindesk-loading-spinner
1H
24H
7D
1M
1Y
All
Market Cap. #218
$151,209,908
Volume (24h) #263
$11,879,025
Supply (Circ. / Total / Max)
39.74M / 39.74M / ∞
Launch Date
2018-11-08
Block Number
-
Block Reward
-
Last Block Size
-
Network H/s
-

Livepeer Price Converter

Livepeer

Livepeer Information

Resources

WebsitesWebsiteWhitepaperBlog
Block Explorersexplorer.livepeer.org
Code Repositoriesgithub.com/livepeer/go-livepeer
Hashing Algorithms
Industries
Platform
Liquid Staked
AI (Artificial Intelligence)
Governance
Communitieswww.reddit.com

Livepeer Supported Platforms

LPTERC20ETH0x58b6A8A3302369DAEc383334672404Ee733aB2392018-04-30
LPTERC20ARB0x289ba1701c2f088cf0faf8b3705246331cb8a8392022-02-11

About Livepeer

Livepeer is a platform for video transcoding and distribution that allows users to create and broadcast video sessions to viewers globally. Videos are sent to the Livepeer network, which transcodes them into formats and bit rates that viewers can consume. The Livepeer Token (LPT) is a staking token used to coordinate work on the network and provide security that the work is done honestly and correctly. Broadcasters use Ethereum's Ether (ETH) to broadcast videos, while nodes earn fees in ETH for contributing processing and bandwidth to the network.

LPT serves as the native cryptocurrency for the Livepeer network. This token is central to the protocol, serving to incentivize and establish the trustworthiness of nodes participating in this decentralized video streaming network. LPT holders have the opportunity to engage in the network's governance, stake their tokens, and receive rewards that are contingent on the network's performance.

Livepeer is a decentralized platform for video streaming, constructed on the Ethereum blockchain. The platform aims to offer a scalable, cost-effective, and user-friendly avenue for developers interested in incorporating video streaming into their applications. Through the Livepeer protocol, users can allocate their unused bandwidth and computational resources to support various video streaming activities, thereby encouraging a decentralized approach to video infrastructure.

Additionally, Livepeer supports AI-driven video processing tasks, including real-time content creation, instant video understanding, and advanced communication AI.

LPT serves multiple roles within the Livepeer ecosystem:

Staking: Users can stake their LPT tokens to enhance network security and, in return, are eligible to receive a share of the network's inflationary rewards.

Governance: Token holders have the power to participate in decisions related to protocol upgrades, modifications to parameters, and other significant developments.

Bonding and Delegation: Users have the option to bond their tokens to video transcoders, reinforcing the network's security. This also allows for the designation of reliable nodes and contributes to the decentralization of the encoding process.

Livepeer was co-founded by Doug Petkanics, Eric Tang, and Yondon Fu. The founders were united by a shared vision of creating a more open and decentralized internet. They saw the potential of blockchain technology to revolutionize the video streaming industry by offering a more inclusive and cost-effective solution than centralized alternatives. Their combined expertise in software development and blockchain technology has been instrumental in guiding the Livepeer project toward its goals.