The Livepeer project is built to deliver a live video streaming network protocol that is fully distributed, highly scalable, crypto token incentivized, and results in a solution which can serve as the live media layer in the distributed development (web3) stack. In practice, in addition, Livepeer is meant to provide an economically efficient alternative to centralized broadcasting solutions for any existing broadcaster.
In practice, in this document we describe the Livepeer Protocol - a delegated stake based protocol for incentivizing participants in a live video broadcast network in a game-theoretically secure way. We present solutions for the scalable verification of distributed work, as well as the prevention of useless work in an attempt to game the token allocations in an inflationary system.
Public metadata currently describes Livepeer as a token with a not-mineable issuance model and centralized structure. Contract references point to Ethereum as the primary asset platform. Public reference history for this asset dates back to 2018-10-01. Available contract and metadata references point back to the Ethereum network. Common classification tags include Artificial Intelligence (AI), Harmony Ecosystem, and Arbitrum Ecosystem. Public contract references currently span Ethereum, Harmony, Arbitrum.