Cryptopedia - Livepeer

## What Is Livepeer (LPT)? Launched in 2017, Livepeer is the first live video streaming network protocol that is fully decentralized. The platform aims to become a viable blockchain-based, economically efficient alternative to centralized broadcasting solutions for all new and existing broadcaster companies. To learn more about this project, check out our deep dive of Livepeer. As stated in the [official Livepeer whitepaper](https://github.com/livepeer/wiki/blob/master/WHITEPAPER.md#introduction-and-background), the live video streaming and broadcasting industry is growing at a rapid pace, and the company is looking to ride this wave and introduce decentralization to the environment. Livepeer aims to streamline the broadcasting process by allowing producers to submit their work on the platform, taking care of reformatting and distributing the content to users and streaming platforms.