Livepeer lpt

Livepeer is a network built on the Ethereum blockchain for video streaming. The platform aims to become a blockchain-based, economically efficient alternative to centralized broadcasting solutions. The Livepeer Token (LPT) is used to secure the Livepeer network and coordinate the work responsibilities of those supporting the video encoding process

Livepeer was created by Doug Petkanics and Eric Tang in 2017. Doug graduated from the University of Pennsylvania with a computer science degree, and Eric graduated from Carnegie Mellon University. There was no sale. The Initial amount of LPT tokens were distributed between the community, the founders, the early team members, and a long-term development fund

The main reasons to invest in Livepeer include:- - It aims to revolutionize the broadcasting industry by employing the powers of blockchain technology - Allows users and developers to participate in the management and improvement of the platform freely. -The platform presents options for pay-as-you-go content consumption, auto-scaling social video services, uncensorable live journalism, and video-enabled applications