Livepeer
Current price
$1.65
−5.11%24h
LiveUpdated 22s ago
TodayLivepeer drops 5.1%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.06%
- 24 hours−5.11%
- 7 days−9.03%
- 30 days+21.16%
- 1 year−67.81%
Livepeer's move in context
Lagging the market today
−5.11% today against −3.24% for the market as a whole, a gap of 1.9 points. Small gaps like this are common, so they don't point to anything specific.
Trend has turned
−9.0% over 7 days and +21.2% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Livepeer
Overview
Livepeer is a decentralized video streaming platform built on the Ethereum blockchain that aims to provide a scalable and cost-effective solution for live and on-demand video broadcasting. Its core mission is to democratize the video streaming industry by enabling anyone to participate in the video processing and distribution ecosystem. The distinguishing feature of Livepeer lies in its ability to leverage blockchain technology to create a marketplace for unused computing resources, transforming traditional video streaming into a decentralized network that reduces costs and improves accessibility.
Technical Features
Livepeer operates on a unique architecture that combines a decentralized protocol with a network of nodes. The platform utilizes a proof-of-stake consensus mechanism that incentivizes node operators to contribute their excess computational power for video transcoding tasks. This security model ensures that the network remains resilient against malicious attacks while facilitating efficient video processing. Livepeer employs a distinctive architecture that separates the roles of orchestrators and delegators: orchestrators manage video transcoding and streaming, while delegators stake their tokens to earn rewards. Additionally, Livepeer makes use of WebRTC technology to enable real-time communication for live streaming applications.
Use Cases
The primary use cases for Livepeer revolve around live streaming and video broadcasting. Content creators can utilize Livepeer to deliver high-quality audio and video content at a lower cost than traditional centralized services. The platform's smart contract functionality allows for seamless payment transactions and automated content monetization. Furthermore, Livepeer finds applications in the decentralized finance (DeFi) sector by enabling financial institutions to host live webinars and educational sessions without incurring high streaming expenses. Developers are also leveraging Livepeer's services to create NFTs that require live video components, expanding the utility of digital assets in the creative space.
Development Background
Livepeer was founded in 2017 by Doug Petkanics and Eric Tang, both of whom have extensive backgrounds in video technology and software development. The project emerged from a desire to solve the high costs associated with video streaming and to provide an open infrastructure that supports the growing demand for video content. Livepeer's initial coin offering (ICO) was held in 2018, raising significant funds to support its development. Notable milestones include the launch of its mainnet in 2020 and continuous improvements based on community feedback, which have solidified its position in the blockchain video streaming space.
Community and Ecosystem
The Livepeer ecosystem is supported by a vibrant community of developers, node operators, and content creators who actively participate in its network. Partnerships with various blockchain initiatives and media companies enhance the platform's capabilities and reach. Developer support is strong, with numerous projects being built on the Livepeer protocol, including decentralized applications that integrate live video streaming features. Community engagement events, hackathons, and governance discussions foster a collaborative atmosphere, encouraging continuous development and innovation within the ecosystem.
Future Potential
The future potential of Livepeer is vast as it aims to capitalize on the increasing demand for online video content. The technology behind Livepeer offers significant scalability and lower costs, making it an attractive option for content creators and businesses alike. Upcoming features on its roadmap include enhancements to video quality, improved tokenomics, and expanded support for various media types, ensuring that the platform remains at the forefront of the decentralized streaming revolution. With the growth of NFT and DeFi sectors, Livepeer is well-positioned to be a critical player in integrating video content with emerging blockchain technologies.
Livepeer market
- Position by market cap among the coins we track.
- #180
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $82.09M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $1.64High $1.78
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $99.03
- Now 2% of itReached 9 Nov 2021 · Needs +5,895% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 49.69M LPT
- 159% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 31.23M LPT
- The most coins that can ever exist. Some coins have no limit.
Livepeer converter
1 Livepeer = $1.65
