Livepeer (LPT)

Decentralized Video Streaming

Livepeer is a platform that helps developers add live video streaming to their apps. It connects video broadcasters with video transcoding providers (called Orchestrators) to convert videos into different formats so viewers can watch on any device.

Cost Efficiency

By using Livepeer, developers can reduce the costs of video production and streaming compared to traditional centralized services like YouTube or Twitch.

Censorship Resistance

Livepeer offers a way to stream video that is less likely to be censored or controlled by big companies or governments, allowing freer content sharing.

Video Transcoding Service

The platform provides video transcoding, which means it changes video files into formats that fit different internet speeds and devices, making streaming smoother for viewers.

Use in Applications

Developers can build apps that use Livepeer to stream events, educational content, or entertainment, benefiting from decentralized video delivery and lower costs.

Token Utility

The Livepeer token (LPT) is used to coordinate and incentivize participants who provide video transcoding and help secure the network.

Pros

• Livepeer is fully decentralized, meaning no single company controls it.
• It offers cheaper video streaming by using underused computing power for transcoding videos.
• The project is open-source, allowing developers to contribute and improve the platform.
• It is listed on major exchanges like Coinbase, making it easier to buy and sell.
• The network supports high-quality video streaming with a community-driven approach.
• Livepeer rewards users who contribute computing power, encouraging participation.

Cons

• The project is still under development, so some features may not be fully polished.
• There have been synchronization issues between ledgers reported.
• It faces strong competition from big centralized services like Amazon Web Services.
• The technology and market are rapidly evolving, so newer solutions could emerge.
• The system depends on active participation from users to maintain the network.

Founders

Livepeer was founded by Doug Petkanics and Eric Tang. Doug Petkanics serves as the CEO, and Eric Tang is the Chief Technology Officer. They started Livepeer in 2017 to create a decentralized video streaming platform.

Key Investors in Livepeer

• Tiger Global Management and Alan Howard are among the most recent and notable investors.
• Other important investors include Digital Currency Group (DCG), Northzone, Coinbase Ventures, CoinFund, 6th Man Ventures, and Warburg Serres.
• Earlier rounds also saw participation from Charge Ventures, Turing Capital, and Collab Fund.
• In total, Livepeer has raised funding from around 23 investors over multiple rounds, with a total funding amount exceeding $50 million.

These investors have supported Livepeer through various funding rounds to help grow its decentralized video streaming platform.

Halal Status of Livepeer

• Yes, Livepeer is considered halal because it is a decentralized video streaming network protocol that does not involve activities prohibited by Islamic law.
• It operates as a blockchain-based platform focused on video transcoding and streaming without engaging in interest (riba), gambling, or other non-permissible financial practices.