The Livepeer platform is open source and has set out to offer the first fully-decentralised live video streaming network offering a viable economically-efficient, blockchain-based solution for existing as well as new broadcaster companies. It also allows developers and users to participate in improvement and management of the platform, to benefit from computing power that is decentralised and from incentives for participation and bootstrapping. Producers are able to submit their work and the platform takes care of the reformatting and distribution of content to streaming platforms. LPT is the project’s native token and is used as an incentive for node operators and delegators, for governance purposes, to secure the network and to safeguard the LPT network against attacks.