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Live LPT/INR Price
₹122.57
0.06%
Price Changes
₹0.07
0.06%
24h Low
₹120.77
24h High
₹126.93
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Livepeer is a scalable platform for organizations and startups to promote on-demand videos and live clips of their offerings. In other words, Livepeer is an Ethereum protocol built for video transcoding. It is the process of reformatting video to suit various devices and bandwidth. It is designed to make streaming more reliable and reduce the overall cost.
Also, the platform acts as a decentralized marketplace for developers to build applications that facilitate transcoding providers and live video. The native token used in the platform is the Livepeer Token.
• Livepeer token is a multi-utility token (ERC-20) with every transaction being transparent and available at Etherscan.
• Livepeer is decentralized, so there is no single company that can control the market. Instead, all are owners of the network and can run it freely.
• It offers the Livepeer token holders the opportunity to earn passive income by staking LPT tokens and securing the network. In addition, you can use the tokens to carry the process of transcoding and video distribution across the entire Livepeer network.
• If the number of LPT tokens an orchestrator holds is more, they are considered more active and thus eligible to earn more rewards.
Livepeer is constantly setting high records in the cryptocurrency market. In fact, on Nov 9, 2021, the platform doubled itself and made a hit of all-time, i.e., exceeding $83. In addition, it has gained 5000% and more in 2021, thus, questioning every investor whether they should invest.
Livepeer exploded its performance after its CEO Petkanics shared that the project will solve TechCrunch. For those who other video streaming platforms have failed, the suitable alternative is Livepeer.
Recently, Livepeer has raised about $20 million. It has attracted investors like CoinFund, Coinbase, and others. Moreover, the forecast says that the global video streaming market will grow by $843 billion by 2027.
• To utilize Livepeer.com to its fullest potential, users must set up their accounts first. Then, you can browse through the many choices available, like streaming or buying Ethereum.
Add your details accurately, like your name, password, and email address. Keep a strong password with multiple different characters, numerals, and letters.
• Include valid documentation to verify identity, address, and phone number, like driver’s license and passport.
• After creating the Livepeer.com account and verifying the email address, reach the dashboard. On the home page, you will see the Stream section. Open the “+ Create Stream” button, and click on “Create new stream.”
• Install an OBS software and go to the “Settings.”
• Click on Stream> Custom>Reveal Stream Key. Copy-paste the stream key in the given field.
• Copy-paste “RTMP ingest URL” in OBS Stream Setting> Server.
• Compatible: Compatible with crypto-exchange platforms
• Secure: Secure transactions
• Easy Sharing: Easy to share/stream video content
• Decentralized Blockchain Network: Decentralized platform
• Not Supportable: The wallet is not supported in many countries.
• USD Applicable: Only USD trading pairs are applicable.
The steps for trading include:
• Link the bank account profile with the CoinSwitch account.
• Deposit the amount from the bank via NEFT, IMPS, or RGS into the CoinSwitch wallet.
• Selecting the crypto exchange medium.
• Buying/selling the crypto Livepeer tokens.
Overall, Livepeer Coin plans to deliver a usable network protocol for live video streaming with benefits like high scalability, decentralized nature, and incentivized crypto tokens. Users, therefore, get a cost-effective alternative to other centralized broadcasting platforms with secure extensions and features.
DeXe
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1. What is the minimum/maximum withdrawal amount via Livepeer?
On Livepeer, the minimum withdrawal amount is 0.000000000000000001, and the maximum is 50,000.
2. What is the hosting blockchain network for LPT?
Ethereum is the leading blockchain network that hosts LPT.
3. Are there network confirmations necessary for LPT transactions?
Yes, you would need 35 network confirmations to work with LPT.
Highlight
Livepeer token is a multi-utility token (ERC-20) with every transaction being transparent and available at Etherscan.
LPT Price Today
LPT Price
₹122.57
Price Change 24h
0.06%
Price Change 7d
10.63%
Market Rank
#303
Market Cap
₹578 Cr.
Trade Vol 24h
₹36 Cr
Circulating Supply
₹5 Cr. LPT
Trading Activity
46% Buy54% Sell
Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.
