Livepeer is a decentralized video encoding network built on the Ethereum blockchain. It aims to provide a more efficient and cost-effective solution for video streaming compared to traditional centralized platforms. The Livepeer network utilizes a token called LPT (Livepeer Token), which is used for staking and participating in the network's operations. By incentivizing network participants with LPT, Livepeer aims to create a sustainable video infrastructure that empowers content creators and viewers alike.
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