Livepeer

Livepeer is a decentralized live video streaming network protocol that was launched in 2017. The platform aims to provide a blockchain-based, economically efficient alternative to traditional centralized broadcasting solutions for the rapidly growing live video streaming industry. Livepeer's key objective is to streamline the broadcasting process by allowing producers to submit their content to the platform, which then handles the reformatting and distribution of the content to users and streaming platforms. This decentralized approach contrasts with the traditional centralized model, where broadcasters must rely on a single platform or service to handle all aspects of content delivery. The Livepeer platform is built on the Ethereum blockchain and utilizes a modified version of the delegated proof-of-stake (DPoS) consensus mechanism. This consensus model is more energy-efficient and scalable compared to the proof-of-work (PoW) mechanism used by Bitcoin. Livepeer also benefits from the extensive decentralized application (DApp) ecosystem already established on the Ethereum network, which can further enhance the usability and adoption of the platform.