| General information | |
|---|---|
| Global rank: | 181 |
| Name: |
Livepeer |
| Symbol: | LPT |
| Current coin price (LBP): | 291 192.25 £ |
| Last hour: | arrow_downward-1.14 % |
| Last 24 hours: | arrow_downward-2.21 % |
| Last 7 days: | 1.63 %trending_up |
| Capitalisation (LBP): | 14 231 280 791 220.59 £ |
| Volume 24h (LBP): | 1 241 831 275 425.09 £ |
| Available supply: | 48 872 458.00 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.