Livepeer (LPT)
Rank #290
Market snapshot
- Price
- $1.25
- Market cap
- $62.2M
- 24h volume
- $4.0M
- Circulating supply
- 49,688,954.5506
- Total supply
- 49,688,954.5506
- Max supply
- N/A
What is Livepeer?
Livepeer is designed to provide decentralized video streaming services through a network of independent GPU providers. Its cryptocurrency, LPT, is utilized within the ecosystem to facilitate operations and incentivize participation.
How Livepeer works
Livepeer allows users to contribute GPU compute power to the network by running nodes. Users can earn fees and mint new tokens over time, similar to block rewards in Bitcoin and Ethereum. The rewards are distributed among delegators and orchestrators based on their stake in the network.
Key information
- Symbol
- LPT
- CMC rank
- #290
- Network / platforms
Ethereum, Harmony
- Categories
- N/A
- Date added
- Dec 19, 2018
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Ethereum
0x58b6a8a3302369daec383334672404ee733ab239Harmony
0xbd3e698b51d340cc53b0cc549b598c13e0172b7c
Key characteristics
Livepeer is an open network where independent builders can deploy AI solutions on community-operated GPU infrastructure. It is designed to be significantly cheaper than centralized cloud alternatives. Users can join the network and become orchestrators if they have capable GPU hardware.
Documented uses
Livepeer enables developers to package network capabilities into experiences that their audiences can use and pay for.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is Livepeer?
- Livepeer (LPT) is a cryptocurrency that operates on the Ethereum platform, providing decentralized video streaming services.
- How does Livepeer work?
- Livepeer allows users to contribute GPU compute power by running nodes, earning fees and minting new tokens over time.
- What are the key features of Livepeer?
- Livepeer is an open network for deploying AI solutions on GPU infrastructure, significantly cheaper than centralized cloud services.
- What are the risks associated with using Livepeer?
- Prices can be volatile, and users should ensure secure handling of private keys and verify contract addresses before transactions.
- How can I safely acquire Livepeer?
- Verify the asset name, network, and contract details before transferring. Understand the custody method and that transfers may be irreversible.
- Where can I find official resources for Livepeer?
- Official resources for Livepeer can be found at their website, GitHub, and various blockchain explorers.
