Ethereum
Livepeer will attend the Ethereum Community Conference in Brussels on July 11 — TradingView News
Coindar
Livepeer will host a meetup at the Ethereum Community Conference in Brussels on July 11.
Refer to official LPT tweet:
🎉 Join Livepeer for a Happy Hour @ETHCC in Brussels !
Enjoy food, cocktails, and live music while discussing GENerative AI and decentralized video creation.
📅Thursday July 11
° 6:00 p.m. – 10:00 p.m. GMT+2
📍Reset, Brussels
LPT Information
Livepeer is a decentralized protocol, leveraging the Ethereum blockchain to democratize the field of video processing. It offers any participant the possibility of integrating video content into applications with a higher level of efficiency and profitability than traditional solutions.
Livepeer’s operation is based on the principle of decentralized video processing, achieved by distributing transcoding tasks among a network of node operators. Transcoding is the crucial process of converting raw video files into an optimal format for each end user, taking into account variables such as screen size and Internet connectivity. This mechanism guarantees uninterrupted streaming of video content. The use of game theory, cryptoeconomic incentives, and smart contracts supports Livepeer’s ability to foster a secure, reliable, and cost-effective video processing system.
Livepeer’s native asset, the Livepeer token (LPT), plays a central role in the operation of the network. As an ERC-20 token, it not only ensures network security but also distributes video processing tasks fairly among participants. Additionally, it encourages active participation by encouraging networked roles. The stability, security and robustness of the network evolve in proportion to the amount of LPT devoted to it.