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Livepeer LPT |
BUY
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£1.66 |
1.81 % (24h) |
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Marketcap |
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£82,655,945 |
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Volume 24h |
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£14,886,119 |
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Description
Livepeer (LPT) is a decentralized video streaming infrastructure protocol that aims to reduce the high costs of video transcoding for broadcasters. By utilizing a network of "orchestrators" who contribute their spare GPU power, Livepeer provides a more efficient and scalable alternative to centralized cloud transcoding services. The LPT token is used for staking to secure the network and to coordinate the distribution of work among its participants. By decentralizing the core infrastructure of the internet's video content, Livepeer enables a more open and affordable future for live broadcasting and social media.