Changelly introduces yet another token available on the platform. Now, users can quickly and easily exchange LPT tokens at floating rates. LPT is an ERC-20 token delivered by the Livepeer platform.
The token performs a number of functions within the platform. Firstly, it gives the right to perform or delegate work on the Livepeer network and vote on protocol proposals. Secondly, it routes work through the network in proportion to the amount of staked and delegated tokens, serving as a coordination mechanism. Finally, it secures the network against a number of attacks via slashing that occurs due to protocol violations. Livepeer is the first live video streaming network protocol that is fully decentralized. The open-source platform allows users and developers to participate in the management and improvement of the platform freely.
The growing capabilities of digital cameras for producing high-quality video content drive the development of the broadcasting industry, and Livepeer aims to further boost this process by allowing users to benefit from decentralized computing power and crypto-economic incentives for bootstrapping and participation.
Livepeer is the world’s first open-source, peer-to-peer video transcoding platform. The platform aims to become a viable blockchain-based, economically efficient alternative to centralized broadcasting solutions for all new and existing broadcasting companies.
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto.
Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly exchanged within 10 minutes on desktop and on the go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggybacking on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.
Learn more about Changelly:
Changelly website: changelly.com
Changelly PRO website: pro.changelly.com