Livepeer Information

Livepeer is an innovative blockchain platform designed to provide decentralized video streaming infrastructure. By leveraging the power of Ethereum, it allows users to participate in video encoding, distributing streaming tasks among a network of peers to reduce costs and increase efficiency. This open-source project aims to democratize video streaming, giving creators and services more control over their content and delivery.

Livepeer

$12.47

Title : Livepeer
Symbol : lpt
Current Price $ : 12.47 $
High 24h : 12.79 $
Low 24h : 11.61 $
Price Change 24h : 0.253916 $
Price Change % 24h : 2.07785 %
Market Cap : 467874408
Whitepaper : https://github.com/livepeer/wiki/blob/master/WHITEPAPER.md
Website : https://livepeer.org/
Total Volume : 64130662
Market Cap Change 24h : 5111419
Market Cap Change % 24h : 1.10454 %
Circulating Supply : 37484579.974111
Total Supply : 37484579.974111
Max Supply : 37484579.974111
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 99.03
ATH Change % : -87.38101 %
ATH Date : 2021-11-09 16:58
All Time Low (ATL) : 0.354051
ATL Change % : 3429.52239 %
ATL Date : 2019-10-26 22:59

more information

An Introduction to Livepeer

Livepeer is an open-source platform designed to provide a decentralized live video streaming network protocol built on Ethereum. As more businesses leverage the capabilities of live streaming for content distribution, Livepeer steps in to offer a cost-effective and highly scalable solution. As of the last update, Livepeer is trading at approximately $11.86, showing a significant fluctuation from its all-time high of $99.03 recorded in November 2021.

Advantages of Livepeer

One of the primary advantages of Livepeer is its decentralized nature, which ensures the ecosystem is less vulnerable to censorship and central points of failure. The protocol leverages the security of the Ethereum blockchain, enhancing trust among users. Livepeer also offers cost-efficiency by significantly reducing the costs of transcoding video content when compared to traditional centralized services.

Another significant advantage is its ability to scale effortlessly. As more users and consumers engage with streaming content, the network scales naturally via incentivized participant nodes providing computational resources.

Challenges Facing Livepeer

Despite its advantages, Livepeer faces several challenges. The volatile nature of the cryptocurrency market means its token, LPT, is subject to significant price swings, which could deter potential investors or partners from engaging with the platform. Since reaching its ATH in 2021, Livepeer has seen an almost 88% decrease in value. Understanding and managing these market volatilities is crucial for Livepeer's future prospects.

Furthermore, Livepeer's reliance on Ethereum could be a bottleneck given the current transaction speeds and fees associated with Ethereum. However, with ongoing upgrades to the Ethereum network, this may prove less of an issue as time progresses.

Historical Performance Insights

Livepeer made its mark in the crypto world with a record low of $0.354051 in October 2019, representing an over 3,260% growth to its current price point. This historical growth showcases a strong adoption and potential within the streaming sector. Further analysis into periods of market highs and lows reveals that, like many cryptocurrencies, Livepeer's journey has been tied to broader market trends rather than technology-specific events.

Future Prospects for Livepeer

Looking ahead, the prospects for Livepeer remain intriguing. The demand for streaming services continues to rise, providing a robust backdrop for Livepeer's core offerings. As more developers and companies explore decentralized solutions, particularly in media, Livepeer has the opportunity to solidify its presence and expand its use cases.

Investors and supporters should closely monitor developments in infrastructure scalability, potential partnerships with media giants, and community engagement. The success of Ethereum's upgrades will also play a pivotal role in Livepeer's growth trajectory. While challenges persist, the transformative potential of Livepeer in decentralizing video streaming continues to attract attention in the blockchain space.

General Information
from price $12
Title Livepeer
Symbol lpt
Whitepaper https://github.com/livepeer/wiki/blob/master/WHITEPAPER.md
Website https://livepeer.org/
Community -
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 12.47 $
High 24h 12.79 $
Low 24h 11.61 $
Price Change 24h 0.253916 $
Price Change % 24h 2.07785 %

Market Data
Market Cap 467874408
Total Volume 64130662
Market Cap Change 24h 5111419
Market Cap Change % 24h 1.10454 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 37484579.974111
Total Supply 37484579.974111
Max Supply 37484579.974111

Historical Data
All Time High (ATH) 99.03
ATH Change % -87.38101 %
ATH Date 2021-11-09 16:58
All Time Low (ATL) 0.354051
ATL Change % 3429.52239 %
ATL Date 2019-10-26 22:59