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What is Livepeer (LPT)? Grayscale’s Bet on Streaming Video

What is Livepeer (LPT)? Grayscale’s Bet on Streaming Video



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  1. tldr; Livepeer is an Ethereum-based decentralized service that aims to significantly slash costs for video streaming apps. It does so by distributing resource-hungry transcoding tasks to users who lend their computer’s processing power to the network. Livepeer is not a consumer-facing service, so users who watch videos that are transcoded on the network may not have any indication that the service was involved.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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