Built on the Ethereum blockchain, Livepeer (LPT) is an open video streaming infrastructure launched in 2017. It provides a platform for developers and creators to power live streaming applications without the high-cost barriers of traditional video infrastructures. As a result, it is popular among startups and other developers looking to utilise video streaming on the internet.
Livepeer Tokens help keep the network cost-effective, reliable and secure by acting as an incentive mechanism. Token holders have the opportunity to participate in the Livepeer network to a much greater extent. All payments and compensation are also dispersed using the Livepeer Token.
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