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DOMAINS TOKEN-G

Ronald Maguire

02 June 2022 160 Read Crypto , Altcoins , Resources

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What is Livepeer (LPT)?

Livepeer is a decentralized live video streaming protocol. Powering streaming service providers and supporting dApp developers to unlock economic opportunities, communication and entertainment for the community, Livepeer has integrated its network of video nodes into the Ethereum blockchain. Livepeer has greatly reduced costs for video streaming applications. Users share their computing power with other users by lending them to the network. Network participants earn LPT token rewards by decentralizing their computing power.

Supported by the video and crypto industries, the project currently has more than 70,000 GPU nodes and more than 12 million LPT tokens in network smart contracts.

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