Livepeer

LPT, or Livepeer, is a cryptocurrency powering a decentralized video encoding and streaming protocol. The Livepeer network leverages blockchain technology to enable users to build and participate in video streaming applications. LPT tokens are used within the Livepeer network to incentivize participants who provide video transcoding services and maintain the network's infrastructure. Token holders can stake LPT to become orchestrators, responsible for transcoding and streaming videos, and earn rewards in return. Livepeer's decentralized approach to video streaming democratizes access and provides a more efficient and affordable solution for content creators and viewers alike.