Livepeer: What is it and why should you care?

  • 2529.96%+ trade volume in the past 24 hours (3/17/21)

    • Now trading around $20 dollar mark
  • Broadcasting and streaming crypto

  • Calls itself a 'platform as service'

  • Subjectively, an excellent brand name that communicates what it does and is easy to say

"Livepeer is a decentralized video transcoding network built on the Ethereum blockchain. The protocol enables cost-efficient broadcasting and streaming services natively in the video layer of the Web 3.0 stack." - Coinmarketcap.com

One of the core benefits of Livepeer is its system of transcoding video content. Transcoding is the process by which you get different video qualities to serve up on a video sharing site.

What makes Livepeer special is its Platform as Service model. Users can download apps using Livepeer and new web sharing sites can use Livepeer to give them the capability needed for growth. Twitch can even employ Livepeer!

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@cryptotalk96 posted 3 years ago

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