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Livepeer

Livepeer (LPT)

$ 1.82
-0.5 %
Main info
News
Comments
Markets
Analytics
Market cap
$89.41M
-0.5 %
Volume (24h)
$7.54M
-0.5 %
Circulating supply
44,652,099 LPT
Total supply
44,652,099 LPT
Max. supply
38,746,734 LPT

About Livepeer

Livepeer aimed to increase reliability of video workflows while reducing the costs to scale them. To achieve this we are building p2p infrastructure that interacts through a marketplace secured by the Ethereum blockchain. To fit the requirements of today's DApp developers we are building Livepeer with these core attributes in mind:1.Livepeer’s peer-to-peer network allows you to scale to any size without a single point of failure. It will optimize quality of encoding and performance of delivery.2.Livepeer's peer network aims to reduce the price of transcoding by an order of magnitude over cloud providers, by using crypto-economic incentive mechanisms.3.No single company or individual can control the network. All participants have the ability to shape Livepeer.

Key data

updated $0
Market cap$89.41M
Volume 24h$7.54M
Circulating supply44.65M100% of max 38.75M
All-time high$99.03-98% from peak · 2021-11-09

Livepeer (LPT) is a cryptocurrency powering a decentralized video infrastructure network built on Ethereum. In simple terms, the project lets people share their computer's spare processing power to transcode and distribute video, while LPT tokens coordinate who does the work and who gets rewarded. It's essentially an open, community-run alternative to traditional cloud video services.

Frequently asked questions

What is Livepeer and how is it different from other crypto projects?

Livepeer is a decentralized protocol for video transcoding — converting raw video into formats that play smoothly on any device. Instead of paying a big cloud provider, apps and creators use Livepeer's network of independent node operators. LPT is the token that secures the network and coordinates work between participants.

How does Livepeer's technology and consensus work?

Livepeer runs on Ethereum and uses a delegated proof-of-stake model: LPT holders delegate their tokens to orchestrators, the nodes that do the actual video processing work. The more stake an orchestrator has, the more video jobs they receive. Bad actors can lose their stake through slashing, which keeps the network honest.

How is LPT supply and emission structured?

LPT has a hard cap of 38,746,734 coins, so no more tokens will ever be created beyond that limit. New tokens are minted gradually as inflationary rewards for stakers, following a Bitcoin-like halving schedule that reduces the issuance rate over time. This design balances rewarding participants today with long-term scarcity.

How can you store and use LPT?

LPT is an ERC-20 token, so it works with any Ethereum-compatible wallet like MetaMask, Ledger, or Trust Wallet. Beyond holding, you can delegate tokens to an orchestrator to earn staking rewards, or use LPT to pay for video processing if you're building a streaming application. The token's smart contract address is 0x58b6a8a3302369daec383334672404ee733ab239.