What is Livepeer?

Livepeer is a decentralized video streaming network designed to provide scalable, cost-effective, and censorship-resistant video transcoding services. Launched in 2017, Livepeer leverages blockchain technology to reduce the costs of video streaming infrastructure by distributing workloads across a decentralized network.

Livepeer's native token, LPT, is used for staking, governance, and incentivizing network participants.

How is Livepeer useful?

Livepeer enables decentralized video processing, allowing developers to build live streaming applications, video-sharing platforms, and media services without relying on centralized cloud providers. This reduces costs and improves scalability for video content creators and businesses.

The LPT token ensures network security and efficiency, as participants stake tokens to earn rewards and facilitate video encoding. Livepeer’s infrastructure supports DeFi, NFTs, and Web3 applications, offering high-quality video streaming at lower costs.

How does Livepeer work?

Livepeer utilizes a peer-to-peer network of node operators (called orchestrators) to process video streams in a decentralized manner. Broadcasters submit videos, and the network transcodes them into multiple formats for seamless playback across devices.

The Proof-of-Stake (PoS) model allows LPT holders to delegate tokens to orchestrators, securing the network while earning rewards. By eliminating centralized control, Livepeer ensures censorship resistance, lower costs, and efficient video distribution.

Livepeer milestones

• Launch of Decentralized Video Transcoding: Enabled cost-efficient and scalable video streaming.

• Introduction of LPT Staking: Allowed users to earn rewards by securing the network.

• Integration with Web3 and NFT Platforms: Expanded use cases for decentralized video services.

• Adoption by Media and Streaming Applications: Supported innovative video-sharing and live-streaming projects.

• Network Scaling and Infrastructure Upgrades: Improved speed, reliability, and transcoding efficiency.

Livepeer continues to revolutionize video streaming infrastructure, providing a cost-effective, decentralized alternative for Web3 applications and content creators.

Buy Livepeer (LPT) on BITmarkets.