What is Livepeer (LPT)?
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Livepeer (LPT) |
What is Livepeer (LPT)?
Launched in 2017, Livepeer is the first fully decentralized live video streaming network protocol. This platform aims to be An economically efficient alternative using blockchain instead of a centralized broadcasting solution for all new and existing broadcasting companies.
as stated in Official Livepeer Whitepaper The live video streaming and broadcasting industry is growing rapidly. And the company is looking to drive this wave and introduce decentralization into the environment. Livepeer aims to streamline the broadcast process by allowing producers to submit their work on the platform. Take care of reformatting and distributing content to users and streaming platforms.
Who is the founder of Livepeer?
Livepeer is an open source protocol. This means developers can freely support the underlying code on GitHub. Livepeer Inc is the legal entity behind the Livepeer platform. Livepeer Inc was founded by Doug Petkanics and Eric Taste.
Doug Petkanics graduated with a computer science degree from the University of Pennsylvania in 2006. Since then He has also been a key part of many big names such as Groupon and Wildcard. In 2006 he joined Accenture as an analyst and in 2010 he co-founded Hyperpublic, which was later acquired by Groupon. In 2013, Petkanics co-founded. Wildcard Publishing Platform and web browser. Since 2016 he has been at the center of Livepeer development.
Eric Tang holds a degree in Electrical and Computer Engineering from Carnegie Mellon University. In 2008 he joined Next Jump as a software developer, and in 2010 he became Product Manager for Clickable. In 2010, he collaborated with Doug Petkanics and Co-founded Hyperpublic since then. The pair worked together on Wildcard and later on Livepeer.
What makes Livepeer unique?
Livepeer is a unique project as it aims to revolutionize the broadcasting industry by using the power of blockchain technology. The open source platform allows users and developers to freely participate in managing and improving the platform. Digital cameras' increasing ability to produce high-quality video content has driven the development of the broadcasting industry, and Livepeer aims to further enhance this process by enabling users to benefit from decentralized processing power and Crypto Economy Incentives for Reboot and Participation
Livepeer is becoming the leading industry platform. This is because it allows users to participate in many different ways. Offer platform opportunity for pay-as-you-go consuming content, auto-scaling social services, uncensorable live video journalism, and enable video DApps. Livepeer is transforming the live video streaming process and is on the path to becoming an industry leader.
How many Livepeer (LPT) coins are in circulation?
Livepeer has a maximum supply of 22,906,951 LTP tokens and a total supply of 22,859,012 LTP tokens. The circulating supply is 21,164,655 LPT.
from the total supply Founder and early team members split about 12.35%, with a vesting period of 36 months after the network 's launch, with another 19% going toward pre-purchase. The largest number of tokens, 63.437%, were distributed to crowd sales. Finally, 5% of the total token volume was reserved for the maintenance of the Livepeer network to ensure future project development.
How secure is the Livepeer network?
Since Livepeer built on blogs like Ethereum platform uses a modified version of the mechanism of consensus that the stakeholders ( DPoS ) who has been assigned the mechanisms DPoS not dig it. The validation of new blocks on the blockchain is based on the number of coins wagered.
This is what makes Livepeer different mechanisms consensus that Bitcoin is used as the mechanism proven to work ( Pow ) of Bitcoin is like electricity and the processing of the system DPoS the environment and more scalable. easily Not only that, LIvepeer benefits from the expansive DApp universe created by the Ethereum blockchain, which further enhances the usability of the network.
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