Livepeer (LPT)

by | Aug 18, 2021

About Livepeer

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.

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