Livepeer (LPT) is a protocol for live video streaming that was launched in 2017. It aims to provide an alternative to centralized broadcasting solutions for both new and existing broadcaster companies. The platform enables producers to submit their work, which is then reformatted and distributed to users and streaming platforms. Livepeer is an open-source protocol, allowing developers to contribute to the underlying code. The platform is built on the Ethereum blockchain and uses a modified version of a delegated proof-of-stake (DPoS) consensus mechanism. The Livepeer token (LPT) is the protocol token of the Livepeer network.

Livepeer operates by enabling producers to submit their work on the platform, which then takes care of reformatting and distributing the content to users and streaming platforms. The platform utilizes a modified version of a delegated proof-of-stake (DPoS) consensus mechanism, which means there is no mining involved. Instead, the validation of new blocks on the blockchain is based on the number of coins staked. This system is more ecologically conscious and easily scalable compared to proof-of-work mechanisms. Livepeer also benefits from the extensive DApp universe established by the Ethereum blockchain, which further enhances the usability of the network.

Livepeer aims to bring changes to the broadcasting industry by leveraging blockchain technology. The platform offers opportunities for pay-as-you-go content consumption, auto-scaling social video services, uncensorable live journalism, and video-enabled DApps. It aims to transform the live video streaming process by allowing users to benefit from decentralized computing power and crypto-economic rewards for participation. The platform's open-source nature allows users and developers to contribute to the management and improvement of the platform.

Livepeer was founded by Doug Petkanics and Eric Tang. Petkanics graduated with a degree in computer science from the University of Pennsylvania in 2006 and has been part of several big names like Groupon and Wildcard. Tang graduated with a degree in electrical and computer engineering from Carnegie Mellon University. The duo has worked together on several projects, including Hyperpublic and Wildcard, before founding Livepeer. The platform was launched in 2017 with the aim of potentially introducing decentralization to the rapidly growing live video streaming and broadcasting industry.

We update our Livepeer to GBP currency in real-time. Get the live price of Livepeer on Coinbase.

The current market cap of Livepeer is £81.936M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Livepeer is £74.73. This all-time high is highest price paid for Livepeer since it was launched.

Over the last 24 hours, the trading volume of Livepeer is £11.086M.

Assets that have a similar market cap to Livepeer include Safe, Kaito, FTX Token, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Livepeer is 50 million.

Livepeer ranks 136 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 94% of Coinbase users are buying Livepeer. In other words, 94% of Coinbase customers have increased their net position in Livepeer over the past 24 hours through trading.