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What is Livepeer? How to buy and wallets


Grayscale, which previously launched the Bitcoin Fund, announced in March 2021 that it was creating a new fund with other digital currencies. Most of the digital currencies selected for this newly established fund were from well-known currencies such as Chainlink and File Coin, and their choice came as no surprise. But there was one new case that seemed to surprise even those interested in digital currencies: Livepeer.

about this: The price of LivePir

LivePire is an Ethereum-based decentralized service that aims to provide higher quality, lower cost online video streaming services. To do this, coding tasks that require a lot of resources are distributed among users who lend their computer processing power to the network.

Participants in this network, such as orchestrators who encode videos and depositors who stock their LPT tokens to ensure liquidity, receive incentives, as is the standard method of most decentralized services.

Clearly, GraySkill has seen a potential in this idea, but what is it really about? In this article, we take a look at how LivePair works, how users participate, and how to purchase LPT tokens.

What is LivePire?

What is Livepeer?  How to buy and wallets
Live; An Ethereum-based decentralized service that helps with online streaming.

LivePire is an Ethereum-based decentralized service designed to minimize infrastructure costs for online streaming video programs.

LivePire is not exactly a video platform that deals directly with the consumer; It is not even a decentralized alternative to Twitch or YouTube. Rather, it is a behind-the-scenes solution for software developers that distributes the task of encoding video or converting it from one format to another before distribution to participating computers on the network.

The company claims that it can reduce resource costs by up to 50 times compared to traditional, centralized methods of video encoding.

How does LivePair work?

LivePir relies on its “organizers” to execute coding requests from software developers; That is, those who have added their computers to this network. These individuals provide their computing resources, namely CPU and GPU power, along with their bandwidth to the network in exchange for a fee paid in digital currency.

LivePire, along with the term used to create blockchain on many Blockchain platforms (such as Bitcoin), calls these users “video miners”.

Developers who use the LivePire network to power their video applications must pay a fee for coding and distribution services with the LivePair token (LPT symbol). In addition, LivePire token holders can deposit their tokens with shareholders to be “deposited”. In this way, they can earn less fees and rewards for participating in the network, without being directly involved in the coding process.

What is the special feature of LivePire?

Playing video online is expensive for software developers. This is a hidden cost that consumers do not directly realize, but may be charged in the form of service fees, increased advertising, or the sale of their data.

LivePire can provide new types of video software and business models by minimizing these costs by distributing computing needs. On the other side of the equation, individuals can share their computing power and earn rewards.

What can be done with LivePire?

LivePire is not a service that is directly related to consumers. Hence, users who have videos encoded by the Old Live Network [در پلتفرم‌های ویدئویی] They watch, maybe they do not understand the role of Liveper in it at all.

As mentioned, this platform reduces computing costs to implement optimal video performance on services, thereby providing software developers with a potentially cheaper alternative to centralized services. Network participants can also receive incentives in exchange for connecting their computers to the network or depositing their tokens to ensure liquidity.

The platform announced in late March 2021 that it was launching a joint mining pilot project with Filecoin. According to this plan, coin file miners will also be able to extract live video.

How to buy an LPT

What is Livepeer?  How to buy and wallets
Livefire price chart until early 2021

You can not buy the LPT token at the moment in Rials, because this token is not very popular yet and is not listed on Iranian exchange sites.

If you are using Bainance to buy different digital currencies, the bad news is that at the time of writing (April 2021) Bainance Exchange has not yet added this token to its list.

Several Iranian users in the comments section of the Digital Currency website have said that they have succeeded in purchasing this currency from the Hotbit exchange (Hotbit.io) by observing anti-sanctions items (such as IP change) and the same items they follow for Bainance.

Uniswap and Balancer are other examples of exchanges that support LTP.

When working with foreign exchange offices, be sure to consider the risk of boycotting and blocking the account.

You can find the list of all live exchanges from This link See.

Livepair wallets

A live topper token is an Ethereum-based token. So you can save it on all Ethereum wallets.

about this: The best Ethereum wallets

The Trust Wallet is one of the best wallets for storing live. You can easily add LTP tokens from within this software, which can be installed for free on both Android and iOS.

Don’t forget that LivePire is an Ethereum-based token, so if you save this token in your personal wallet, you will also need some ether to transfer it so you can pay the network fee.

Again, be sure to back up your wallet so that you can recover your assets in the event of any software or device issues.

Grapefruit Livestock Fund

Grayscale digital currency-based funds are exchange-traded investment instruments designed to engage traditional investors with digital currencies.

The price of each box roughly follows the value of the associated digital currency, and Grayscale holds a significant amount of each coin or token in the box. Investors do not actually own any digital currency by investing in a fund, but they can potentially reap the benefits of its value growth.

GrayScill is actually betting on the future of LPT by creating LivePair; It expects its value to increase over time and investors to be willing to invest in it. The company has $ 8.5 million in LPT as of March 2021, but the success and growth of its Bitcoin fund could be a sign that the company could raise more or less money sooner or later.

The future of Leopard

Live Pierre’s success probably depends on its ability to expand scalability to meet demand. If its distributed network can provide the same quality of service as centralized options at a lower cost, it can become a more viable option as software and Web 3 platforms grow.

The frustrating thing is that Grayscale investment can not guarantee the success of this project and everything is determined by time. So if you are planning to invest, consider the possibility of a severe loss.

By March 2021, LivePair is still a relatively small network with 47 encoders connected to it. Eric Tang, chief technology officer at LivePair, tweeted in March that the service had encoded more than 1.6 million minutes of video in 30 days.

In the last 30 days, more than 1,600,000 minutes of original content has been created and broadcast on the Old Live network. [قدرت] Builders can not be stopped along with decentralization!

Eric Tong, March 21, 2021

Livepeer (LPT) - All information about Livepeer ICO (Token Sale) - ICO Drops
Tim Liveper

However, LivePair is not the only service trying to use decentralization to address the high cost of online video streaming. Theta is the best service in this field, but it uses a different method. Theta uses users’ extra bandwidth to help provide online streaming services to other users and rewards users with theta tokens in exchange for occupied bandwidth.

VideoCoin, which describes itself as “video airline”, is methodologically closer to live old. This network distributes computational tasks among nodes connected to the network. There are also more general networks for decentralized computing power sharing that support video needs (such as rendering); Like Golem.

LivePire plans to eventually become completely decentralized, but is currently run by the legal entity Livepeer Inc, which founded the network. Roadmap 2017 of this network in the Frequently Asked Questions (FAQ) section official website Described as “a little old”, Live Pierre provides a detailed explanation of how the network will eventually increase its scalability and gradually eliminate its concentrated elements.

With the growth and maturity of Web 3 markets, decentralized infrastructure services can become very valuable. Grayscale bets that LivePire will be one of the services that will help transform the online video streaming market, and this vote of confidence could help the network find a more prominent position than other services and bring more developers into the space. .

To write this article, from an article Help is available on the Decript website. This article is an analytical / educational article only and should not be construed as an investment proposal.

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