Description
Livepeer is an open-source video streaming network built on the Ethereum blockchain, designed to provide a scalable and cost-effective platform for developers and companies needing live or on-demand video streaming capabilities. Utilizing decentralized technology, Livepeer leverages a network of nodes to transcode video, efficiently adapting it for different formats and bandwidths, which is crucial for delivering content across various devices and networks globally. The platform operates with its native token, LPT, which is used as part of a novel incentive structure. Participants can earn LPT by processing video streams or by staking their tokens to perform work on the network. This mechanism encourages active participation and supports the decentralization and security of the network. Livepeer's ecosystem comprises various stakeholders, including video developers, who integrate Livepeer into their applications to access affordable and scalable video streaming services; node operators, who perform the video transcoding work; and token holders, who contribute to the network's security through staking. By leveraging blockchain technology, Livepeer aims to disrupt the traditional...
Livepeer is an open-source video streaming network built on the Ethereum blockchain, designed to provide a scalable and cost-effective platform for developers and companies needing live or on-demand video streaming capabilities. Utilizing decentralized technology, Livepeer leverages a network of nodes to transcode video, efficiently adapting it for different formats and bandwidths, which is crucial for delivering content across various devices and networks globally. The platform operates with its native token, LPT, which is used as part of a novel incentive structure. Participants can earn LPT by processing video streams or by staking their tokens to perform work on the network. This mechanism encourages active participation and supports the decentralization and security of the network. Livepeer's ecosystem comprises various stakeholders, including video developers, who integrate Livepeer into their applications to access affordable and scalable video streaming services; node operators, who perform the video transcoding work; and token holders, who contribute to the network's security through staking. By leveraging blockchain technology, Livepeer aims to disrupt the traditional...
