Livepeer(LPT)

Overview

Livepeer is a decentralized live video streaming network protocol built on Ethereum, designed to distribute video transcoding work across a network of independent nodes. Broadcasters can process video using the computing resources and bandwidth contributed by network participants instead of relying on centralized streaming infrastructure. The project positions itself as the live media layer of the web3 stack.

LPT is the protocol token of the Livepeer network, but it is not the medium of exchange: broadcasters pay fees in Ether (ETH), which is earned by nodes that contribute processing and bandwidth. LPT functions as a bonding mechanism in a delegated proof-of-stake system, where participants stake or delegate toward transcoders to coordinate how work is distributed and to provide security that the work is performed honestly and correctly.