Livepeer, established in 2017, represents the first fully decentralized live video streaming network protocol, offering a blockchain-based, cost-effective alternative to traditional centralized broadcasting services. The platform is designed to support both new and existing broadcasters in adapting to the evolving digital landscape.
Livepeer’s Decentralized Broadcasting Vision
The company’s mission, as outlined in its official technical review, is to ride the wave of the booming live video streaming and broadcasting industry by introducing decentralization. Livepeer enables creators to submit their content, which is then reformatted and distributed to a wide audience, including various streaming platforms.
Livepeer distinguishes itself by leveraging blockchain technology to revolutionize broadcasting. The open-source nature of the platform encourages user and developer engagement in its governance and enhancement. With the rise of high-quality digital video content, Livepeer seeks to amplify industry growth through decentralized computing and crypto-economic incentives.
The platform is rapidly becoming an industry leader by offering diverse participation opportunities, including pay-as-you-go content, scalable social video services, uncensored journalism, and support for video-enabled decentralized applications (DApps).
As an open-source protocol, Livepeer invites developers to contribute to its core code on GitHub. Livepeer Inc, the legal entity behind the platform, was co-founded by Doug Petkanics and Eric Tang.
The platform’s native cryptocurrency, LPT, is attracting attention from video content producers and has built user trust since its inception in 2017. LPT Coin can be securely purchased through Binance, the world’s largest cryptocurrency exchange by volume, using various trading pairs.