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 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.
For trading Livepeer coin via CoinSwitch , users need:
The steps for trading include:
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.
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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.
Livepeer token is a multi-utility token (ERC-20) with every transaction being transparent and available at Etherscan.
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