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What is Livepeer?
Liverpeer is a completely open, decentralised video streaming network built on the Ethereum network. Livepeer claims to have created the first open video infrastructure in the world, allowing developers, streamers, creators, and others to share their work. On the Web 3 stack, its protocol will be the live media layer server under decentralised development. Since the protocol will emphasise decentralisation, scalability, awards for crypto tokens, and more.
Thousands of centralised broadcasters now provide streaming services, but they are unable to handle large audiences. Because the platforms on the market are still more expensive, some people cannot afford to use their services. Thus, Livepeer will also be aiming to offer an economically viable alternative to the current broadcaster. The project’s attempt at increased resilience while keeping the absence of a single point of failure.
Livepeer infrastructure will have a censorship-free perspective and be available for growth, giving broadcasters more freedom. Liverpeer is a peer-to-peer network built on a variety of features, including media servers, cryptoeconomic protocols, and peer-to-peer networks. Before the stream becomes live, the broadcaster will send a request for it to the middle layer liverpeer while processing the video. Livepeer handles format translation into a variety of formats throughout this procedure, as well as bitrate to broaden the audience.
Livepeer Price Prediction
|Month & Year||LPT Price Prediction|
|Based on||Live video streaming|
|All-time high||$44.13 USD|
|Exchange Platform||Bithumb, Poloniex, Gate.io, sushiswap, 0x Protocol, Hotcoin, CoinEx, Bilaxy, BiKi, ZBG, MXC|
LPT ICO Overview
|Date of ICO||27th July 2018|
|ICO Price||$2.25 USD|
Livepeer token Price Analysis
The Liverpeer Token is a protocol token that has nothing to do with platform transactions. Platform will however continue to use the common token ETH to carry out various functions on the platform. LPT was issued for $2.25 USD during the 2018 ICO sale. Unexpectedly, LPT failed to live up to expectations after listing, with a value loss of one point to $1 USD. LPT almost reached its two-year debut milestone in 2021. At this point, its price has virtually increased by 40 times and it has entered the top 100 projects. As of this writing, LPT is extremely near to reaching the $50 USD threshold, and its listing on BitHub and OKEx broadens its investment base.
One of the most popular platforms and technologies right now is live video streaming. It just grants users the ability to express themselves without any user limitations or restrictions. Because centralised Live Streaming still lacked many capabilities and was subject to censorship, decentralised improvements were required. Theta Network is now Livepeer’s greatest rival, however this platform is more focused on live streaming and offers more features for that particular niche. Livepeer undoubtedly attracts the attention of creators, publishers, and additional broadcasters.
Is Livepeer a best Live video Streaming Blockchain Project?
Livepeer has a fantastic staff, and they have been working since 2017, far before the initial wave of cryptocurrency, as they develop the technology to meet demands as they arise.