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Livepeer price, market cap on Coin360 heatmap

Livepeer(LPT)

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$14.0385
(-3.23%)
0.00027524 BTC
Market Cap (Rank#148)
$434,548,933
8,520 BTC
Vol 24h
$81,407,134
1,596 BTC
Circulating Supply
30,954,134.70
Max Supply
22,906,951
1 day agonulltx
Livepeer Sees Surge 147% In Value Amidst Whale Trading Activities
Livepeer, the decentralized live video streaming network protocol, has witnessed a remarkable surge of 147% over the past week, reaching a yearly high of $20.4 within the last 24 hours.  This significant increase in value has sparked heightened market interest, particularly due to recent whale trading actions involving Livepeer (LPT) […]
62 days agonulltx
Livepeer’s $LPT Sees 40% Surge Today – Here’s The Insight To Watch
Inaugurated in 2017, Livepeer stands out as the pioneering decentralized live video streaming network protocol, offering a blockchain-based and economically efficient alternative to centralized broadcasting solutions for both new and existing broadcaster companies. The transformative impact of Artificial Intelligence (AI) in the past decade cannot be overstated. Particularly in the […]
247 days agocryptodaily
Twitter Suspends AI Bot Citing Crypto Scam Allegation
In a recent uproar within the crypto Twitter community, the popular AI bot "Explain This Bob" found its account suspended. This action followed an accusation by Tesla CEO Elon Musk, who identified it as a "scam crypto account." Interestingly, the bot was intrinsically linked to the ERC-20 memecoin, Bob Token (BOB), whose price spiraled downward by over 30% in the aftermath of the suspension, clearly indicating the real-world repercussions of such allegations. Suspension of 'Explain This Bob' Sparks Controversy "Explain This Bob," an AI-powered bot engineered by Prabhu Biswal from India, employed OpenAI’s GPT-4 model to decipher and respond to tweets associated with its account. Garnering over 400,000 followers before its suspension, the bot held substantial influence within the platform. Bob Token, launched in April and directly connected with the bot, even caught the attention of Musk earlier on, who had tweeted, “I love Bob.” Twitter's decision to spare the Bob Token's account while suspending the bot reveals a discernible separation between the suspected irregularities associated with the bot and the perceived legitimacy of the linked crypto token. Following the suspension, the Bob Token project team responded with a humorous meme depicting Musk keeping an eye on a distressed “Bob” in prison. The subsequent rallying of the Twitter community behind the Bob Token, with widespread circulation of the hashtag “FREEBOB”, testifies to the bot's popularity. Supporters have vociferously argued against BOB being labelled a scam coin, asserting that the token's launch was conducted fairly, it operates on a fully decentralized mechanism, and features a 0% tax system. Twitter and Crypto: A Complex Duo Twitter's controversial suspension of 'Explain This Bob' is a snapshot of the platform's intricate dance with the world of cryptocurrencies. Serving as an influential social media platform, Twitter wields a strong hand in sculpting the crypto narrative and can sway token values significantly. This is apparent from the instant depreciation of the Bob Token's value following the suspension of the associated bot. Twitter's association with cryptocurrencies runs deep, with ex-CEO Jack Dorsey being an outspoken Bitcoin advocate, and the platform recently integrating Bitcoin as a tipping feature. Yet, this association has faced hurdles, with the platform being leveraged for spreading misinformation, initiating scams, and organizing 'pump and dump' schemes. Striking a balance between promoting discussions around cryptocurrencies and ensuring user safety from potential scams has therefore become a daunting task for Twitter. As of the last available data in September 2021, Twitter boasts over 330 million active users, with a significant portion being active participants in the crypto community. This statistic reflects the platform's integral role in driving substantial movements within cryptocurrency markets, especially when high-profile figures like Elon Musk are involved. Twitter's relationship with cryptocurrencies is indeed a delicate dance. While the platform presents an indispensable medium for disseminating crypto-related news and fostering dialogue, it also grapples with ensuring its user base remains safeguarded from potential scams and misinformation. In this sense, the crypto industry also needs to acknowledge the role of social media platforms such as Twitter is likely to become increasingly complex and significant. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Livepeer?

The live price of Livepeer (LPT) today is 14.0385 USD, and with the current circulating supply of Livepeer at 30,954,134.70 LPT, its market capitalization stands at 434,548,933 USD. In the last 24 hours LPT price has moved -2.8267 USD or -0.16% while 71,020,472 USD worth of LPT has been traded on various exchanges. The current valuation of LPT puts it at #148 in cryptocurrency rankings based on market capitalization.

Learn more about the Livepeer blockchain network and how it works or follow the price of its native cryptocurrency LPT and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

Livepeer (LPT) is a decentralized video streaming protocol built on the Ethereum blockchain. It aims to provide a cost-effective, scalable, and censorship-resistant platform for developers to build live video streaming applications. Livepeer's unique proposition lies in its ability to leverage the power of blockchain technology to disrupt the traditional video streaming industry.

Technology & Mechanism

Consensus Mechanism

Livepeer uses a delegated proof-of-stake (DPoS) consensus mechanism. This allows token holders to delegate their tokens to 'Transcoders', who perform the task of video transcoding and distribution. The Transcoders are incentivized to perform their tasks efficiently through rewards and fees.

Blockchain Technology

Livepeer operates on the Ethereum blockchain, utilizing smart contracts for its operations. It also uses a unique 'Merkle Mine' process for token distribution, ensuring a fair and wide distribution of LPT tokens.

Key Features

Scalability

Livepeer is designed to be highly scalable, capable of supporting a large number of live streams simultaneously without compromising on video quality.

Security

Being built on the Ethereum blockchain, Livepeer benefits from the robust security features of the Ethereum network.

Privacy

Livepeer ensures privacy by allowing users to broadcast and view content without the need for personal identification.

Decentralization

Livepeer is fully decentralized, with no central authority controlling the network. This ensures censorship-resistance and freedom of expression.

Development Team & Governance

The Livepeer project is spearheaded by a team of experienced developers and blockchain enthusiasts. The project operates under a decentralized governance model, with LPT token holders having a say in the project's direction and decisions.

Use Cases & Potential Impact

Livepeer has the potential to disrupt the traditional video streaming industry by providing a decentralized, cost-effective alternative. It can be used in various sectors such as entertainment, education, and surveillance.

Purchase & Storage

How to Buy

LPT tokens can be purchased on various cryptocurrency exchanges such as Binance, Huobi, and OKEx.

Wallets & Storage

LPT tokens can be stored in any wallet that supports ERC-20 tokens, including hardware wallets like Ledger and Trezor for added security.

Partnerships & Collaborations

Livepeer has collaborated with various projects in the blockchain space to enhance its platform and reach.

Roadmap

Livepeer's future plans include further improving the scalability and efficiency of its platform, and expanding its reach to more sectors and industries.

Risks & Challenges

Like any blockchain project, Livepeer faces challenges such as regulatory uncertainties, technological hurdles, and competition from both traditional and blockchain-based platforms.

Community & Regulatory Compliance

Community

Livepeer has a vibrant and active community of developers, users, and supporters who contribute to the project's growth and development.

Regulatory Compliance

Livepeer strives to comply with all relevant regulations in the jurisdictions it operates in, and is committed to maintaining transparency and accountability.

In conclusion, Livepeer represents a promising and innovative approach to decentralized video streaming. With its unique technology and strong community, it has the potential to significantly impact the video streaming industry.

Livepeer Price14.0385 USD
Market Rank#148
Market Cap434,548,933 USD
24h Volume81,407,134 USD
Circulating Supply30,954,134.70 LPT
Max Supply22,906,951 LPT
Yesterday's Market Cap451,914,868.86 USD
Yesterday's Open / Close17.4323 USD / 14.6056 USD
Yesterday's High / Low17.7398 USD / 14.4135 USD
Yesterday's Change
-0.16% ( 2.8267 USD )
Yesterday's Volume71,020,472.49 USD
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