Livepeer is a decentralized video streaming network protocol built on the Ethereum blockchain. It aims to deliver a more cost-effective way to stream by distributing the computing power required to transcode and host videos to users across its network. These “video miners” receive LPT tokens as a reward for lending their GPU and CPU power and bandwidth to the protocol. On the flip side, app developers pay fees in LPT in exchange for using Livepeer’s services, albeit at reduced costs compared to many mainstream options available.
What is Livepeer (LPT)?
Discover the key facts about Livepeer (LPT).
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Looking for more resources?
Crypto Glossary for Nonprofits and Donors: 60+ Terms Explained We’ve put together a glossary of the most popular, essential, and amusing jargon, terms, shorthands, and slang. Read more
6 Types of Cryptocurrency and How to Donate Them The Giving Block accepts more than 80 types of cryptocurrency that donors can use to support nonprofits and charities in a variety of ways. Read more
What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more
