Livepeer (LPT) is a revolutionary concept that aims to transform the broadcasting industry by introducing a fully decentralized network protocol for live video streaming. Founded in 2017, Livepeer offers an alternative, blockchain-based, and economically efficient solution for all new and existing broadcasting companies that want to distance themselves from centralized broadcasting solutions.
In the rapidly growing live video streaming industry, Livepeer sees a golden opportunity. The platform has made it its mission to tap into this market and drive innovation by introducing decentralization. The focus is optimizing the broadcasting process by enabling producers to submit their work on the platform. Livepeer then reformatted and distributed the content to users and streaming platforms.
As an open-source protocol, Livepeer allows developers to contribute freely to the underlying code on GitHub. This freedom and openness expand the platform’s potential as it builds on the contributions of a broad community of developers. Livepeer Inc, the legal entity behind the Livepeer platform, was founded by Doug Petkanics and Eric Tang, who have many years of experience in the technology and software industry.
