The live price of Livepeer is - per (LPT / USD) with a current market cap of $225.84M USD. 24-hour trading volume is - USD. LPT to USD price is updated in real-time. Livepeer is -% in the last 24 hours with a circulating supply of 40.66M.
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Livepeer (LPT) is a network built on Ethereum, focused on creating the foundational infrastructure for developers to build video streaming applications. The project is operated by a network of node operators who collaboratively run its custom open-source media server, Livepeer. What makes Livepeer unique is that it neither hosts nor stores videos—it instead optimizes the use of idle computing resources to transcode video.
Because video files are large, hosting fees and outsourcing transcoding to centralized providers can be costly for developers building video streaming apps. Livepeer aims to provide a decentralized foundation for video streaming, offering a scalable and cost-effective alternative for developers to build on.
To operate a Livepeer node, token holders must stake their LPT tokens to delegate to nodes, contributing computing power and bandwidth for video transcoding. Developers pay to use Livepeer’s infrastructure to build apps, with part of the fees paid in ETH going to node operators as compensation.
Livepeer is supported by several critical components. One is the orchestrator node, similar to validator nodes, which interact with the protocol, find video transcoding tasks, and forward them to transcoder nodes.
Transcoder nodes handle the video encoding and send the processed video back to orchestrators. Broadcaster nodes, which can be run by developers, outsource video encoding to orchestrators—enabling video streaming app development via Livepeer.
Livepeer’s native cryptocurrency is LPT, which has multiple use cases. First, users who operate Livepeer nodes can earn LPT or ETH as rewards.
The token can also be staked to earn returns. LPT holders can run GPU-enabled nodes while staking tokens, allowing them to mine crypto and transcode video for Livepeer. Additionally, LPT holders can participate in governance decisions.
As a decentralized video streaming network, Livepeer has integrated the highly scalable blockchain solution Aptos to improve performance and user experience. This helps increase transaction throughput, reduce costs, and support efficient scaling. The collaboration with Aptos is designed to meet growing demand for decentralized video infrastructure and enhance both developer and user experiences.
Livepeer officially launched in 2017 and went live on Ethereum mainnet in May 2018. Initially focused on live crypto events like DevCon, the network was later optimized to reduce the cost of large-scale application usage.
Livepeer is a crypto-incentivized protocol offering a decentralized and highly scalable video streaming platform. LPT is the native ERC-20 token of the project.
On May 1, 2018, Livepeer launched the alpha version of its platform on the Ethereum mainnet. The project aims to offer a cost-effective alternative to centralized broadcasting. Users can upload videos to the Livepeer network, where nodes transcode them into formats compatible with different devices. Broadcasters pay ETH to those operating the nodes.
Live streams are delivered in real time to viewers on demand. Users can take advantage of Livepeer for pay-per-view content, censorship-free live news, highly scalable video infrastructure, and dApps that support video. Within the ecosystem, LPT functions as a locked token primarily used to pay essential system participants.
The platform uses the open-source Livepeer Media Server (LPMS), allowing dApp developers and broadcasters to build all necessary live streaming functionalities. To ensure decentralization, each node is run through LPMS, with developers economically incentivized to participate.
Livepeer’s consensus mechanism has two distinct layers. The first is a Proof-of-Work mechanism to secure financial transactions within the ecosystem. Additionally, the platform sets criteria for participating in governance via Livepeer smart contracts.
The second consensus layer is based on Delegated Proof of Stake (DPoS), which determines how newly generated LPT tokens are distributed.
The main participants in the Livepeer Network ecosystem are broadcasters, transcoders, and consumers. Livepeer’s decentralized governance structure oversees budget decisions, maintains network parameters, and executes necessary project upgrades.
Livepeer was founded in late 2016 by software engineer Eric Tang and current CEO Doug Petkanics. The two previously co-founded Wildcard Inc., where Tang served as CTO and Petkanics as VP of Engineering.
LPT is the utility token of the Livepeer network. It is used to pay broadcasting fees and supports video transcoding and distribution across the network.
Unlike traditional streaming platforms like YouTube, Livepeer operates through a decentralized infrastructure of nodes that reward node operators instead of acting as a centralized video host for end-users. Its infrastructure also provides developers with a comprehensive set of tools to quickly build video streaming applications at reduced costs.
LPT tokens do not have a maximum supply limit. As of this writing, the circulating supply is approximately 29,060,773 tokens.
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