Livepeer (LPT)

Livepeer, which came out in 2017, is the first fully decentralised network protocol for live video streaming. The goal of the platform is to offer all new and existing broadcaster companies a blockchain-based, cost-effective alternative to centralised broadcasting solutions.

The official Livepeer whitepaper says that the live video streaming and broadcasting industry is growing quickly, and the company wants to ride this wave and make the environment more decentralised. Livepeer wants to make the broadcasting process easier by letting producers upload their work to the platform. The platform will then reformat the content and send it to users and streaming platforms.

Livepeer is an open-source protocol, which means that developers can make changes to the code that runs it on GitHub without having to ask permission. The Livepeer platform is run by a company called Livepeer Inc. Doug Petkanics and Eric Tang came up with the idea for Livepeer Inc.

Livepeer is an interesting project because it wants to change the way broadcasting is done by using blockchain technology. The open-source platform lets users and developers manage and improve the platform without having to pay for it. The broadcasting industry is growing because digital cameras are getting better at making high-quality videos. Livepeer wants to help this process along by letting users benefit from decentralised computing power and crypto-economic incentives for bootstrapping and participation.

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