Launched in 2017, Livepeer is the first fully decentralized live video streaming network protocol. The platform aims to offer a blockchain-based, economically efficient alternative to centralized broadcasting solutions for all new and existing broadcasting companies.
What is Livepeer (LPT)?
As stated in the official Livepeer technical review, the live video streaming and broadcasting industry is rapidly growing, and the company aims to sustain this wave and bring decentralization to the environment. Livepeer facilitates the broadcasting process by allowing creators to submit their work to the platform, with careful attention to reformatting the content and distributing it to users and streaming platforms.
Livepeer states that they are a unique project because they aim to revolutionize the broadcasting industry by harnessing the power of blockchain technology. Their open-source platform allows users and developers to freely participate in the management and improvement of the platform. The increasing capabilities of digital cameras to produce high-quality video content are driving the development of the broadcasting industry, and Livepeer aims to further enhance this process by enabling users to benefit from decentralized computing power and crypto-economic incentives for bootstrapping and participation.
Livepeer is becoming a leading industry platform as it allows users to participate in various ways. The platform offers opportunities for pay-as-you-go content consumption, auto-scaling social video services, uncensored live journalism, and video-enabled DApps. Livepeer is transforming the live video streaming process and is on its way to becoming an industry leader.
On the other hand, Livepeer is an open-source protocol. This means that developers can freely contribute to the core code on GitHub. Livepeer Inc is the legal entity behind the Livepeer platform, founded by Doug Petkanics and Eric Tang.
LPT Coin Review
The native cryptocurrency of the Livepeer platform, LPT, is notably gaining interest among video content producers. Additionally, its service since 2017 also enhances user trust as a notable feature.
How to Buy Livepeer Coin?
LPT Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
To buy LPT Coin, one must first register with Binance and then send fiat currency. Following the sending of a fiat currency like the Turkish Lira or dollars, the purchase of LPT can be made in its trading pairs with BUSD, Bitcoin (BTC), BUSD, Binance Coin (BNB), and Tether (USDT).
Additionally, at Binance, users can also place orders to buy at a lower price than the market value. For this, using the Limit tab and entering the desired amount and price is sufficient.