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Livepeer (lpt) Live chart

Rank Name Price 24h Change Total Supply Circulating
118
LPT
Livepeer logo Livepeer LPT
$ 36.15 -14.93% 23 613 320 23 613 320 Trade!

Livepeer (lpt)

The Livepeer project aims to deliver a live video streaming network protocol that is fully decentralized, highly scalable, crypto token incentivized, and results in a solution which can serve as the live media layer in the decentralized development (web3) stack. In addition, Livepeer is meant to provide an economically efficient alternative to centralized broadcasting solutions for any existing broadcaster. In this document we describe the Livepeer Protocol - a delegated stake based protocol for incentivizing participants in a live video broadcast network in a game-theoretically secure way. We present solutions for the scalable verification of decentralized work, as well as the prevention of useless work in an attempt to game the token allocations in an inflationary system. The Livepeer Token (LPT) is the protocol token of the Livepeer network. But it is not the medium of exchange token. Broadcasters use Ethereum's Ether (ETH) to broadcast video on the network. Nodes who contribute processing and bandwidth earn ETH in the form of fees from broadcasters. LPT is a staking token that participants who want to perform work on the network stake in order to coordinate how work gets distributed on the network, and to provide security that the work will get done honestly and correctly. LPT has the following purposes: It serves as a bonding mechanism in a delegated proof of stake system, in which stake is delegated towards transcoders (or validators) who participate in the protocol to transcode video and validate work. The token, and potential slashing that occurs due to protocol violation, is necessary in order to secure the network against a number of attacks. More below. It routes work through the network in proportion to the amount of staked and delegated token, essentially serving as a coordination mechanism. It is a unit of account that is specific to the Livepeer ecosystem, which forms the basis of a SectorCoin concept, applicable to additional functionality to be introduced in the future. Services such as DVR, closed captioning, ad insertion/monetization, and analytics can all plug into the Livepeer ecosystem and potentially make use of the security provided by staking LPT. An initial allocation of Livepeer Token will be distributed so that stakeholders can fulfill various roles in, and use the network, and then additional token will be issued according to algorithmically programmed issuance over time. Following the conventions of Ethereum and many popular ERC20 tokens, LPT will be divisible by 10 ^ 18, with larger denominations such as the LPT itself intended to be used for user level transactions such as staking, and smaller denominations intended to be used for protocol accounting.

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Market pairs

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Rank Pair Name Volume (24h)
1 LPT / USDT OKEx $ 8 518 704 628.88 Trade!
2 LPT / USDT MXC $ 1 166 416 378.33 Trade!
3 LPT / USDT Gate.io $ 5 162 151 641.76 Trade!
4 LPT / USDT CoinBene $ 5 964 836 232.32 Trade!
5 LPT / USD Gemini $ 1 123 199 418.83 Trade!
6 LIVEPEER / ETH Balancer $ 803 317 402.10 Trade!
7 LPT / USDT BiKi $ 1 019 058 806.40 Trade!
8 LPT / ETH Gate.io $ 808 690 533.33 Trade!
9 LIVEPEER / ETH Uniswap (v2) $ 629 527 259.64 Trade!
10 LPT / QC ZB $ 805 554 204.08 Trade!
11 LIVEPEER / ETH Sushiswap $ 66 343 951.34 Trade!
12 LPT / USDT Hoo.com $ 406 754 344.69 Trade!
13 LPT / USDT Bibox $ 1 650 194 808.60 Trade!
14 LPT / BTC Poloniex $ 357 497 790.53 Trade!
15 LPT / USDT Poloniex $ 354 971 220.64 Trade!
16 LPT / BTC Bithumb $ 928 401 331.63 Trade!
17 LPT / USDT ZB $ 832 172 793.93 Trade!
18 LIVEPEER / ETH Uniswap (v3) $ 5 881 151.94 Trade!
19 LIVEPEER / ETH 1inch $ 290 845 312.21 Trade!
20 LPT / ETH Bilaxy $ 6 059 231 771.97 Trade!
21 LPT / KRW Bithumb $ 17 046 867 966.66 Trade!
22 LIVEPEER / ETH Uniswap (v3) $ 383 981.11 Trade!
23 LPT / USDT ZG.com $ 44 769 409.58 Trade!
24 LIVEPEER / ETH Paraswap $ 43 484 289.82 Trade!
25 LPT / ETH Bitcratic $ 554 816.47 Trade!