Description
Livepool is an innovative project in the web3 and crypto ecosystem focusing on decentralizing the video transcoding infrastructure, which has become a vital part of delivering content in today’s digital age. By leveraging the power of the Theta Network, Livepool allows individuals to contribute their free computing resources (such as CPU and GPU power) to help encode video streams. In return for their contributions, participants are rewarded with Theta Fuel (TFUEL), a native token of the Theta blockchain. This model not only democratizes the video encoding and streaming landscape but also aims to make it more efficient and cost-effective as compared to centralized solutions. Livepool offers a platform where users can easily participate in video transcoding by simply joining the pool on their website, making it accessible for individuals with spare computing resources to contribute to the ecosystem and earn rewards. This approach encourages a more distributed and participatory infrastructure for video streaming, aligning with the decentralization and incentive principles of blockchain technology.
Livepool is an innovative project in the web3 and crypto ecosystem focusing on decentralizing the video transcoding infrastructure, which has become a vital part of delivering content in today’s digital age. By leveraging the power of the Theta Network, Livepool allows individuals to contribute their free computing resources (such as CPU and GPU power) to help encode video streams. In return for their contributions, participants are rewarded with Theta Fuel (TFUEL), a native token of the Theta blockchain. This model not only democratizes the video encoding and streaming landscape but also aims to make it more efficient and cost-effective as compared to centralized solutions. Livepool offers a platform where users can easily participate in video transcoding by simply joining the pool on their website, making it accessible for individuals with spare computing resources to contribute to the ecosystem and earn rewards. This approach encourages a more distributed and participatory infrastructure for video streaming, aligning with the decentralization and incentive principles of blockchain technology.
