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Livepeer is the first completely decentralized live video streaming network protocol. For all new and current broadcaster organizations, the platform intends to become a viable blockchain-based and cost-effective alternative to centralized broadcasting systems.Livepeer differs from standard video streaming platforms such as YouTube in that it does not host, store, or distribute video. Rather, Livepeer is developing a solution that makes use of unused CPU capacity to let broadcasters and users share video more effectively.The Livepeer Token (LPT) is the Livepeer network's protocol token. However, it is not a token exchange medium. Therefore, broadcasters on the Ethereum network use Ether (ETH) to broadcast video. LPT is a staking token that network participants stake in order to coordinate how work is distributed on the network and to ensure that work is done correctly.