• Buy
  • Prices
  • Coins
  • Earn
Login
Start now
Facts
About
Home
Livepeer

Livepeer: everything you need to know about LPT

Axel van den Boogaard

Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.

Livepeer facts

Abbreviation

LPT

Category

Media platform

Founder(s)

Doug Petkanics, Eric Tang

Blockchain

Ethereum

Protocol

Proof of Stake

Launch date

May 2018

Invest in Livepeer today

Get started with BLOX and buy your favourite coins easily and quickly.

Get started

What is Livepeer?

Livepeer is a blockchain platform that focuses on creating a decentralized and democratic platform for live video broadcasting. Its aim is to develop a transparent and open ecosystem where anyone can participate in broadcasting, streaming, and viewing live videos. Livepeer allows users to host and transcode live video broadcasts, rewarding them for their contributions to the network and for providing the computational power of their computers.

The goal of Livepeer is to establish an inclusive and accessible infrastructure for live streaming, with lower costs and higher quality than traditional solutions. With its emphasis on decentralization and openness, Livepeer provides an alternative to centralized platforms like YouTube and Twitch, where control and censorship are often points of criticism.

How does Livepeer work?

Livepeer operates using decentralized technology to host and transcode live video broadcasts. The platform employs a token economy in which users are rewarded for their contributions to the network, whether by making their own computers available or other means. How does the process of hosting and transcoding live video on Livepeer work?

  • Encoding and streaming: A user uploads a live video stream to the Livepeer network. The video is encoded in multiple formats to ensure it can be streamed to various devices.
  • Transcoding: The video is then distributed to multiple "transcoders," which are nodes in the Livepeer network responsible for re-encoding the video in different formats and resolutions. This makes the video accessible to different devices and internet connections.
  • Transcoder selection: Transcoders are selected based on a smart contract system that utilizes the LPT token. Transcoders bid for the right to transcode the video and are subsequently rewarded with LPT tokens based on the quality of their work and the amount of contributed computer computational power.
  • Reward: Upon completion of transcoding, the video is re-encoded and streamed to viewers. Both the original uploader and the transcoder are rewarded with LPT tokens for their contributions to the network.

The LPT token

The LPT token rewards users for their contributions to the network. LPT tokens are used to reward transcoders and uploaders for transcoding videos and hosting live video broadcasts. To participate in transcoding, users must stake LPT tokens as a "security deposit." If a transcoder exhibits poor behavior, LPT tokens may be withdrawn as a penalty.

Transcoders bid for the right to transcode a video and receive LPT tokens as compensation for their services. Uploaders of live video broadcasts are rewarded with LPT tokens based on the quality of their stream and the number of viewers watching their broadcasts.

LPT token holders have a say in the governance of the Livepeer network through the token voting process. The circulating supply of LPT tokens increases over time to continue incentivizing transcoders to work and contribute to the network. The LPT token economy aims to be transparent and fair, contributing to the creation of an inclusive and democratic infrastructure for live video content.

The Technology Behind LPT

The technology behind LPT consists of several components that work together to make Livepeer a success. What are these components?

  • Transcoder Nodes: Nodes that transcode videos into different formats and qualities. They are the core components of the Livepeer network. To participate in transcoding, users must stake LPT tokens as a security deposit.
  • Broadcaster Nodes: Nodes that transmit the livestreams and feed the Livepeer network with new videos for transcoding.
  • Orchestrator Nodes: Nodes that manage and coordinate transcoder and broadcaster nodes to ensure seamless video streaming. Orchestrator nodes manage the broadcast process by bundling and distributing video streams to different transcoder nodes. They are also responsible for selecting the highest bidder for transcoding.
  • Smart Contracts: The code that connects the various components of the Livepeer network and handles transactions on the blockchain. Smart contracts are programmed to reward transcoder and broadcaster nodes with LPT tokens for their work.
  • Livepeer Protocol: The set of rules and protocols used to operate the Livepeer network. The protocol includes the bidding process, transcoding process, and reward mechanism.
  • Ethereum Blockchain: Enables the recording of transactions and the development of decentralized applications.
  • Livepeer Explorer: A tool used to track activities on the Livepeer network, providing users with insights into the number of transcoders, broadcast nodes, and bids.

The Livepeer ecosystem

The Livepeer ecosystem consists of various participant groups, including transcoders, developers, uploaders, and LPT token holders. The platform is designed as an open and decentralized network, allowing anyone interested in contributing to the development of the live video industry to participate and benefit from the network. Overall, Livepeer offers a promising solution for the live video industry and has the potential to play a significant role in the future of video streaming.

€17.19
12.45%

Buy Livepeer
About us

Benefits of Livepeer

What are the advantages of Livepeer that make it popular among its users?

  • Integrated into various major cryptocurrency exchanges
  • Streaming and video content are easy to share
  • Opportunities for passive income
  • Abundance of developer facilities
  • High compatibility due to its Ethereum foundation

Drawbacks of Livepeer

What disadvantages should investors consider when investing in Livepeer?

  • Limited support for the Livepeer wallet
  • Only U.S.-based trading pairs are possible
  • Technical complexity

Who is the founder of Livepeer?

Livepeer was founded by Doug Petkanics and Eric Tang. The Livepeer team did not conduct an initial token sale to distribute its LPT token. Instead, an initial amount of LPT was distributed among the community, founders, early team members, and a long-term development fund.

Price forecasts

In 2026 experts expect a minimal price of €53.23 and a minimal price of €176.17 in 2031.

Good time to get in?

View all key statistics of the past 24 hours here.

24h ago

€18.91

24h high

€20.42

24h low

€18.79

24h change
€1.54

Market information

Use these figures to get a better picture of the Livepeer market.

24h volume

€40.8 million

Marketcap

€621.5 million

LPT in circulation

32.8 million

All time high

€85.48

LPT Return On Investment

See how much the price has risen or fallen over the years.

1 year
423.38%
3 years
9.23%
5 years
194.76%

Historical Livepeer price

Here you can see Livepeer's daily prices, trading volume and market cap. Looking for a specific date? You can fill in the range all you want. Maybe you'll spot the one trend!

From
Till
DatumDateVolumeMarketcap

A video explanation of Livepeer

Ready for take-off?

Get started with BLOX and buy your favourite coins easily and quickly.

Get started now