What Is Livepeer (LPT)?
Launched in 2017, Livepeer is the first fully decentralized live video streaming network protocol. It serves as a blockchain-based, cost-effective alternative to centralized broadcasting solutions for both new and established media companies. Livepeer streamlines content distribution by handling reformatting and delivery to users and platforms, leveraging decentralization to enhance efficiency.
👉 Discover how blockchain is transforming media
Who Are the Founders of Livepeer?
Livepeer is an open-source project developed by Livepeer Inc, co-founded by:
- Doug Petkanics (Computer Science, UPenn): Ex-Groupon, Hyperpublic, and Wildcard co-founder.
- Eric Tang (Carnegie Mellon): Former Next Jump developer and Hyperpublic co-founder.
Both have collaborated since 2010, pioneering decentralized tech solutions.
What Makes Livepeer Unique?
- Decentralized Broadcasting: Uses blockchain to democratize video streaming.
- Versatile Participation: Supports pay-as-you-go streaming, DApps, and uncensorable journalism.
- Economic Incentives: Rewards users with crypto for contributing computational resources.
Tokenomics: Livepeer (LPT) Supply
| Metric | Value |
|---|---|
| Max Supply | 22,906,951 LPT |
| Circulating | 21,164,655 LPT |
| Distribution | 63.4% crowdsale, 19% presale, 12.35% team (36-month vesting) |
Security and Consensus
Livepeer employs Delegated Proof-of-Stake (DPoS)—a scalable, energy-efficient alternative to PoW. Built on Ethereum, it benefits from robust smart contract capabilities and a thriving DApp ecosystem.
Where to Buy Livepeer (LPT)?
Top exchanges offering LPT trading pairs:
- Gate.io
- OKEx
- Poloniex
- Sushiswap
Price History and Market Data
- All-Time High: $100.24 (Nov 2021)
- Current Price: ~$6.18 (93.83% below ATH)
- Market Cap: $259.89M (#230 on CoinMarketCap)
FAQ Section
1. Is Livepeer a good investment?
Livepeer’s niche in decentralized streaming offers growth potential, but crypto investments are inherently volatile. Research market trends and project updates before investing.
2. How does Livepeer ensure network security?
Through DPoS consensus, where validators stake LPT tokens to secure the network, combining scalability with low energy consumption.
3. What’s the utility of LPT tokens?
Tokens incentivize network participation, including video transcoding and content distribution.
4. Can I mine LPT?
No—LPT uses staking, not mining, for token distribution.
5. What’s the long-term vision for Livepeer?
To become the default infrastructure for decentralized live video streaming globally.
Livepeer merges blockchain innovation with media scalability, making it a project to watch. For real-time charts or to stake LPT, visit trusted platforms like OKEx.