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Livepeer is an Ethereum-based protocol that provides an open-source video transcoding service, which reformats videos to suit multiple bandwidths and playback formats.
According to Livepeer’s website, the platform wants to make streaming decentralized while providing an economic and secure infrastructure for videos. By leveraging a two-layer consensus mechanism, Livepeer claims to greatly reduce video transcoding and streaming costs compared to legacy methods. It is packaged as a scalable Platform-as-a-Service (PaaS) product that can be utilized by businesses who want to add live or on-demand video.
LPT is the native token of the Livepeer network and is essential to the Delegated Proof-of-Stake consensus mechanism. Users can stake LPT tokens to secure and support the network, either as Orchestrators (donate computing power), Transcoders (reformat videos) or Delegators (donate LPT tokens to an Orchestrator). By staking LPT tokens, it incentivises all parties to act for the good of the network. The LPT token is also used for governance of the Livepeer protocol.
Livepeer (LPT) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $507,336,833. The current price of Livepeer is $20.62, which is -16.752% lower than yesterday. Prices have ranged between $24.93 and $20.47 over the past 24 hours. All prices are listed in US dollars and accurate as of January 24, 2022 01:01 UTC.
| Coin symbol | LPT |
|---|---|
| Coin Marketcap | US$507,336,833 |
| Total LPT supply | 24,796,634 |
| Circulating LPT | 24,796,634 |
| Current price | US$20.62 |
| All time high | US$99.03 |
| Notable team members | Doug Petkanics, Eric Tang |
| Partnerships | Filecoin |
| Industry | Video streaming |
| Token uses | Staking |
| Network | Ethereum |
Historical prices compared with the price of US$20.62.
| 1 hour | -1.24% |
|---|---|
| 24 hours | -16.75% |
| 7 days | -43.21% |
| 14 days | -44.36% |
| 30 days | -53.35% |
|---|---|
| 60 days | -55.27% |
| 200 days | 18.71% |
| 1 year | 412.65% |
Disclaimer: Cryptocurrencies, including Livepeer, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LPT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Livepeer or any other cryptocurrency discussed.