What is Livepeer ?

🧠 Livepeer: streaming video, Web3 style

In the Web3 world, Livepeer is a game-changer. This project aims to transform how videos are streamed online by using blockchain technology. Forget giants like YouTube or Netflix—Livepeer uses decentralization to offer a cheaper, freer, and more open alternative.

The core idea? Allow anyone to stream or watch video without centralized servers. That means lower costs for content creators and more security for users.

🎥 How does it actually work?

Livepeer runs on the Ethereum blockchain. It relies on a network of users called orchestrators. These people share their computing power to encode and distribute video streams. In return, they earn rewards in the platform’s token: LPT.

Video encoding transforms raw video into lighter, more fluid formats for all screens. Normally, this is expensive—but Livepeer makes it decentralized and much cheaper.

💰 What is the LPT token used for?

The Livepeer Token (LPT) is essential to how the network works. It serves several purposes:

• Rewards: orchestrators earn LPT for their work.
• Security: the more LPT an orchestrator holds, the more likely they are to be chosen.
• Participation: LPT holders can delegate their tokens to orchestrators to earn a share of rewards.

This system encourages collaboration and ensures high-quality service across the network.

📈 Why are investors paying attention?

Livepeer is gaining serious traction. The video sector is huge, and the need for decentralized solutions is growing. The project is backed by big names in Web3, and the LPT token has seen notable spikes in interest.

But like any crypto project, it carries risks. LPT’s price can be volatile, and the platform still needs to prove itself against Web2 giants.

🚀 Coinstancy makes it easier to access Livepeer

At Coinstancy, we believe in the power of projects like Livepeer. With our app (coming in 2025), you’ll be able to buy, track, and even earn on tokens like LPT—without the headache. It’s simple, fast, and secure.

In summary 📝

• Livepeer is a decentralized video streaming platform.
• LPT is the token that powers it.
• It offers an innovative way to cut video streaming costs.
• Coinstancy makes it easy to invest in this kind of project.