What is Livepeer (LPT)?
Livepeer is an Ethereum protocol designed to transcode video quickly and efficiently, by distributing resource-intensive computing tasks to network participants. Livepeer aims to provide publishers, content creators, videographers, and more with a cost-effective way to transcode videos, so that the video content can be published on a wide-range of video streaming platforms and applications.
LPT is the native token for the Livepeer network. Participants use LPT to secure the network and reward video transcoders for their work.
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