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Buy, sell and trade Livepeer
What is Livepeer?
Livepeer is the world’s fully decentralized video streaming service. Now you can watch your favorite content via the blockchain in one convenient place!
The innovation of Livepeer is seen through its decentralized computing power and crypto-economic features. Ever imagine being able to govern a site such as YouTube, having a say in how the platform is ran? Then coop that together with potential to earn additional rewards from taking part in this.
That’s exactly what Livepeer is about.
The broadcasting industry has become monopolized This leaves smaller entities at disadvantage. Livepeer has one job in mind, to create an equal playing field for those looking to showcase their content and push their messages.
Some main features of the platform include:
- Pay-as-you-go content consumption.
- Auto-scaling social video services.
- Uncensorable live journalism.
- Video-enabled dApps.
Built on the Ethereum blockchain, Livepeer is slick and robust. In true decentralized fashion, the protocol’s open-source for developers to utilize.
Older dApps on Ethereum can reach Livepeer, offering all the functionalities already created by this blockchain.
Companies are already using Livepeer for two main purposes:
- Social Apps - build and scale custom video solutions on your dApps for a unique user experience.
- Creator Economy - engage with your audience to deliver them the best content possible whilst simultaneously growing your income streams.
The Livepeer token
The Livepeer protocol token is known as LPT.
LPT is used when staking, those who do so are able to have a say in its development, along with processing user activity to ensure its legitimate and fair.
ETH is used simultaneously with the LPT token for broadcasting the video content on the protocol. Fees are accumulated in Ether by those who broadcast via Livepeer.
Users are known as “delegators” and “orchestrators”. Both stake their LPT tokens together. The fees earned are paid in Ether or stablecoins, the more LPT staked, the higher the rewards earned!
These are the use cases for LPT:
- Acts as a bonding mechanism between the delegate Proof-of-Stake system in place.
- Routes broadcasts through the network.
LPT tokens are minted in “Rounds”. A single round is the equivalent of 5760 Ethereum blocks on the blockchain.
Livepeer’s market stats:
- Current market cap: $172,485,850
- Circulating supply: 29,005,471 LPT
- Max supply: ∞
- Twitter: 40,110 followers
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Risk Disclosure Statement
Katya V.
Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.
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