Livepeer (LPT) powers a decentralized video-transcoding marketplace on Ethereum. Broadcasters submit streams; node operators stake LPT to earn fees for GPU work that re-encodes video into multiple bitrates, lowering costs versus Web2 CDNs. The token governs network upgrades, allocates newly minted inflation rewards and slashes misbehaving nodes. Livepeer Studio and third-party apps already deliver millions of monthly minutes, showing real-world scalability.

You may ask

How is LPT earned?

Orchestrators earn LPT inflation if they stake and perform honest transcoding. Delegators can stake LPT to trusted orchestrators to share those inflationary rewards and ETH fees, compounding yield without running hardware.

Why does Livepeer need its own token?

LPT coordinates supply of GPU resources and aligns incentives. More stake signals more capacity; slashing discourages fraud; voting aligns protocol changes with token holders, keeping the network community-owned.

Does Livepeer support multichain?

Yes. While staking remains on Ethereum mainnet, Livepeer’s video infrastructure can be accessed from Polygon, Solana and other chains via cross-chain payments, with future plans for native staking roll-ups to cut gas.

What are typical cost savings?

Livepeer benchmarks show up to 50× cheaper per-minute transcoding versus centralized providers by harnessing idle consumer GPUs and competitive fee markets, especially for long-tail creators.