About Livepeer

The Livepeer project is designed to establish a decentralized protocol for live video streaming, aiming to provide a scalable and economically efficient alternative to traditional broadcasting methods. By leveraging blockchain technology, Livepeer enables broadcasters to utilize a decentralized network for video distribution, thereby reducing reliance on centralized infrastructure. The protocol employs a delegated proof-of-stake system to incentivize participants, ensuring that the network operates securely and efficiently while minimizing the potential for malicious activities. The Livepeer Token (LPT) plays a crucial role within this ecosystem, serving as a staking mechanism that allows participants to engage in the network's operations. While broadcasters utilize Ethereum's Ether (ETH) for video broadcasting, LPT is used by network participants to stake and coordinate the distribution of work. This staking process not only helps secure the network but also facilitates the routing of tasks based on the amount of LPT staked. As a unit of account specific to Livepeer, LPT underpins the economic interactions within the platform, supporting its growth and functionality in the evolving landscape of decentralized media.