Industry Group

Livepeer (LPT-BUSD)

Livepeer is an Ethereum-based protocol that distributes video transcoding work throughout its decentralized network. The Livepeer Token (LPT) is a work token that users stake in order to secure the work that they perform on the network. LPT is required to perform the work of transcoding and distributing video on the Livepeer network while also incentivizing peers to ensure that the network is cost-effective and secure. The protocol aims to provide cost efficient, secure, and reliable infrastructure that can handle today's high demand for video streaming.