About Livepeer
Launched in 2017, Livepeer is the primary stay video streaming community protocol this is completely decentralized. The platform pursuits to turn out to be a feasible blockchain-based, economically green opportunity to centralized broadcasting answers for all new and present broadcaster companies.
As said withinside the reliable Livepeer whitepaper, the stay video streaming and broadcasting enterprise is developing at a fast pace, and the agency is trying to journey this wave and introduce decentralization to the environment. Livepeer pursuits to streamline the broadcasting technique via way of means of permitting manufacturers to put up their paintings at the platform, looking after reformatting and dispensing the content material to customers and streaming platforms.
Livepeer Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Livepeer |
| Short Name | LPT |
| Circulating Supply | 21,164,655.33 LPT |
| Total Supply | 22,859,012 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Mission
Through the power of open source software, the harnessing of underutilized resources like compute and bandwidth, and the use of crypto economic incentives for bootstrapping and participation, there is an opportunity to deliver an infrastructure that can power video streaming applications at a highly efficient price, and infinite scale.
Along with Livepeer proliferation of high quality cameras and ubiquitous bandwidth, the belief is that this will enable video applications to be created that were never before possible under traditional, centralized cost structures, which unlock communications, economic opportunity, and entertainment for society going forward.
By providing the best possible portal to, they hope to help capture this opportunity and fulfill the project’s mission as laid out in the original whitepaper and founder’s statement — to build the world’s open video infrastructure.
What Makes Livepeer Unique?
Livepeer is a unique project because it aims to revolutionize the broadcasting industry by employing the powers of blockchain technology. The open-source platform allows users and developers to participate in the management and improvement of the platform freely.
The growing capabilities of digital cameras for producing high-quality video content drive the development of the broadcasting industry, and Livepeer aims to further boost this process by allowing users to benefit from decentralized computing power and crypto-economic incentives for bootstrapping and participation.
Livepeer is becoming a leading industry platform, as it allows users to participate in numerous ways. The platform offers opportunities for pay-as-you-go content consumption, auto-scaling social video services, uncen sorable live journalism, and video-enabled DApps. Livepeer is transforming the live video streaming process and is on the road to becoming an industry leader.
How Is the Livepeer Network Secured?
As Livepeer is built on the Ethereum blockchain, the platform utilizes a modified version of a delegated proof-of-stake (DPoS) consensus mechanism. In a DPoS mechanism, there is no mining at all. Instead, the validation of new blocks on the blockchain happens based on the number of coins staked.
This is what differentiates from consensus mechanisms as the one Bitcoin uses. While Bitcoin’s proof-of-work mechanism requires a large amount of electrical and computing power, the DPoS systems are more ecologically conscious and easily scalable. Not only that, benefits from the extensive DApp universe already established by the Ethereum blockchain, which further boosts the usability of the network.
Where Can You Buy Livepeer (LPT)?
Livepeer (LPT) tokens are becoming an increasingly sought-after asset, which is why more exchanges are starting to offer trading pairs with the cryptocurrency. If you are looking to purchase LPT, your best bet is Gate.io.
Other recommended exchanges include:
- Poloniex
- OKEx
- Sushiswap
Who Are the Founders of Livepeer?
Livepeer is an open-source protocol, which means that developers can freely contribute to the underlying code on GitHub. Inc is the legal entity behind the platform. The Inc was founded by Doug Petkanics and Eric Tang.
Doug Petkanics graduated with a degree in computer science from the University of Pennsylvania in 2006. Since then, he has been an integral part of several big names like Groupon and Wildcard. In 2006, he joined Accenture as an analyst, and in 2010 he co-founded Hyperpublic, which Groupon later acquired. In 2013, Petkanics co-founded Wildcard, a publishing platform, and web browser. Since 2016, he has been at the center of development for Livepeer.
Eric Tang graduated with a degree in electrical and computer engineering from Carnegie Mellon University. In 2008, The joined Next Jump as a software developer, and in 2010 he became a product manager for Clickable. In 2010, he teamed up with Doug Petkanics and co-founded Hyperpublic. Since then, the duo has worked together on Wildcard and later on.
Join call
Every month, the community catches up with each other virtually. They hear about the latest updates from the core team and showcase what we’ve been working on. Calls happen on the second Thursday of each month @ 12pm EST. Catch them live on livepeer.org/tv.