Cryptocurrency Livepeer $LPT Rises 48% During the Last 24 Hours

Livepeer rose 48% in the past 24 hours.

This coin has been trading at 0.0002446 Bitcoins or about 105 Wax protocol tokens.

Livepeer is a platform for video transcoding and distribution. Users will be able to create and broadcast video sessions to its viewers on a global scale by sending their videos to the Livepeer network, which will transcode the data to the formats and bit rates that the viewers can consume.

Fees are paid to the transcoders by the broadcasters in a form of the platform token, the LPT.

The Livepeer token (LPT) is an Ethereum-based (ERC-20) cryptocurrency. Rather than a medium of exchange value, LPT will act as a bonding mechanism in a delegated proof of stake system in which stake is delegated towards transcoders (or validators) who participate in the protocol to transcode video and validate work.

Livepeer is listed on the Poloniex cryptocurrency exchange.

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