Livepeer

Livepeer LPT

$3.65
Market Cap $ 74.707 MM (#167)
24h Volume $ 90.031 K
Chg. 24h: -0.52%
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Livepeer project purpose and description

Livepeer clarity of purpose

Livepeer purpose and aspects

Livepeer is a decentralized video broadcasting platform powered by a crypto token on the Ethereum blockchain.

Livepeer categories

Media & publishing

Short description

Livepeer is a platform for video transcoding and distribution. Users will be able to create and broadcast video sessions to its viewers on a global scale by sending their videos to the Livepeer network, which will transcode the data to the formats and bit rates that the viewers can consume. Fees are paid to the transcoders by the broadcasters in a form of the platform token, the LPT.

Abstract

The Livepeer token (LPT) is an Ethereum-based (ERC-20) cryptocurrency. Rather than a medium of exchange value, LPT will act as a bonding mechanism in a delegated proof of stake system in which stake is delegated towards transcoders (or validators) who participate in the protocol to transcode video and validate work.

Link to Roadmap: n/a
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