| General information | |
|---|---|
| Global rank: | 184 |
| Name: |
Livepeer |
| Symbol: | LPT |
| Current coin price (LBP): | 293 826.85 £ |
| Last hour: | arrow_upward0.520 % |
| Last 24 hours: | arrow_downward-0.710 % |
| Last 7 days: | 4.94 %trending_up |
| Capitalisation (LBP): | 14 332 211 253 004.58 £ |
| Volume 24h (LBP): | 1 385 019 478 071.85 £ |
| Available supply: | 48 777 745.00 LPT |
| Total coin supply: | 10 850 446.91 LPT |
| Algorithm: | ETH Token |
| Start date: | 08/11/2018 |
Livepeer/Lebanese Pound (LPT/LBP) price chart
Livepeer/Lebanese Pound (LPT/LBP) capitalisation and volume charts
Livepeer is a platform for video transcoding and distribution. Users will be able to create and broadcast video sessions to its viewers on a global scale by sending their videos to the Livepeer network, which will transcode the data to the formats and bit rates that the viewers can consume. Fees are paid to the transcoders by the broadcasters in a form of the platform token, the LPT.
The Livepeer token (LPT) is an Ethereum-based (ERC-20) cryptocurrency. Rather than a medium of exchange value, LPT will act 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.