When Grayscale, the firm behind the GBTC investment vehicle, announced in March 2021 that it was creating new trusts based on other cryptocurrencies, most of the newly-announced trusts picked were well-known, unsurprising cryptos such as Chainlink and Filecoin. But there was one new addition that seemed to catch even crypto enthusiasts off-guard: Livepeer.
Livepeer is an Ethereum-based decentralized service that aims to significantly slash costs for video streaming apps. It does so by distributing resource-hungry transcoding tasks to users who lend their computer’s processing power to the network. Like most decentralized services, there are incentives for network participants, such as the “orchestrators” who transcode video, and delegators who stake LPT tokens to ensure liquidity.
Grayscale Adds Five Crypto Trusts Including Chainlink, Filecoin
Grayscale clearly sees potential in the idea, but what’s it really all about? Here’s a look at how Livepeer works, how users can get i
Źródło: https://decrypt.co/62793/what-is-livepeer-lpt-grayscales-bet-on-streaming-video
