Livepeer

Livepeer is an Ethereum-based video streaming network designed to reduce the cost of video creation by tackling the high expense of transcoding.

Transcoding must accommodate a wide range of bandwidths and devices, making it a costly bottleneck for producers.

By enabling network participants (orchestrators) to operate encoding infrastructure and share the transcoding workload, Livepeer helps spread the cost and improve efficiency.

As a result, overall transcoding expenses can be reduced by up to 50x, helping creators deliver smoother streams to diverse audiences.