Buy Livepeer (LPT)
What is Livepeer?
Livepeer is a decentralised video streaming platform that allows developers to integrate live video into their applications by using a decentralised system of orchestrators. This system supports efficient, scalable, and secure video streaming. Built on the Ethereum blockchain, Livepeer aims to significantly reduce the costs associated with streaming by leveraging a distributed network for video transcoding and distribution.
How does Livepeer work?
Livepeer operates on the Ethereum blockchain, using a delegation-based staking protocol. Participants can act as orchestrators (video miners) who handle video transcoding, or as delegators who stake LPT tokens to support these orchestrators. The protocol employs a two-layer consensus mechanism: one layer is secured by Ethereum, and the other uses a Delegated Proof-of-Stake model to manage token distribution and verify work. The network uses smart contracts for LPT staking and rewards distribution, facilitating a peer-to-peer network structure for video streaming.
What are the potential use cases for Livepeer?
The main use cases for Livepeer include:
- Decentralised Video Streaming: It is used to provide cost-effective streaming solutions via a network of nodes for transcoding and hosting.
- AI Video Processing: Livepeer is expanding to support AI tasks such as upscaling, subtitling, and content recognition, adding value to various video applications.
- Video-on-Demand Services: Enhances services with features like reduced latency and token-gating for custom playback.
- Web3 Application Integration: By integrating with Web3, Livepeer supports decentralised applications, making it versatile for developers in the blockchain ecosystem.
What is the history of Livepeer?
Livepeer was founded in 2017 by Doug Petkanics and Eric Tang, driven by a mission to create an open and decentralised video streaming network. Key milestones include:
- 2017: Livepeer launched with the goal of decentralised video streaming.
- 2021-2022: Secured $40 million in Series B funding. Expanded video offerings by acquiring MistServer.
- 2024: Launched Livepeer AI to integrate advanced AI video capabilities.
Throughout its evolution, Livepeer has grown considerably, raising significant funding and scaling its market presence to be a leader in decentralised streaming and AI video processing.
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Frequently Asked Questions (FAQs)
What is the current price of Livepeer (LPT)?
The Livepeer price is $23.38 AUD, representing a +26.01% from the day prior.
Where is the best place to buy Livepeer (LPT) in Australia?
The best place to buy Livepeer (LPT) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Livepeer (LPT) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Livepeer (LPT)?
The trading volume of Livepeer (LPT) is $293.9M AUD in the last 24hrs, representing a +26.01% from the day prior.
How can I buy Livepeer (LPT)?
Livepeer (LPT) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Livepeer (LPT)?
The current market cap of Livepeer (LPT) is $858.5M AUD.
Can I convert Livepeer (LPT) to cash?
Yes - With Coinstash you can convert your Livepeer (LPT) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Livepeer (LPT) are there?
The current circulating supply of Livepeer (LPT) is 36.7M.
Is Coinstash a safe place to buy Livepeer (LPT) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Livepeer (LPT) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.