What is Livepeer Token (LPT)?
Livepeer Token (LPT) is a part of the Livepeer ecosystem, a decentralized video streaming network built on the Ethereum blockchain, launched in 2017. Livepeer aims to provide a scalable and cost-effective solution for video transcoding, a process essential for streaming.
LPT is used to incentivize network participants who provide computing power for video processing. Token holders can bond their LPT to transcoders to share in the fees and newly minted LPT. Livepeer’s decentralized approach aims to reduce costs for developers and increase innovation in the broadcasting space. The platform caters to broadcasters, streamers, and media developers, providing an alternative to traditional centralized broadcasting solutions.
LPT is used to incentivize network participants who provide computing power for video processing. Token holders can bond their LPT to transcoders to share in the fees and newly minted LPT. Livepeer’s decentralized approach aims to reduce costs for developers and increase innovation in the broadcasting space. The platform caters to broadcasters, streamers, and media developers, providing an alternative to traditional centralized broadcasting solutions.
Why choose Rabbit Wallet for Livepeer Token?
Whether you're a total crypto newbie or a seasoned pro, Rabbit Wallet's got your back for
handling your LPT with ease. Check out some cool features that make Rabbit stand out:
Exchange Livepeer Token (LPT)
With the Rabbit's built-in coin swap feature, you can exchange your Livepeer Token for
any other coin at the best rates without ever leaving the cozy confines of your
wallet.
Self-Custodial
With a self-custodial wallet, you control the keys to your Livepeer Token, meaning that
nobody, not even Rabbit, can ever access your coins. This also leads to faster
transactions with no third-party fees except for miners and increased flexibility.
Optimal Fees
The unique fee calculation algorithms provide you with various options when
available, allowing you to choose the most optimal one to ensure your transaction is
confirmed both swiftly and cost-effectively.
User-Friendly
We've worked hard to make Rabbit Wallet user-friendly for everyone. Packed with
features, it suits users at all levels, and our developers respond directly when
help is needed.
How to use Rabbit Wallet?
Creating a new wallet takes just a few clicks, and requires no information from you.
Here is a short brief on how you can create your new wallet:
Here is a short brief on how you can create your new wallet:
Save your phrase
You will be given a phrase, which will act as a primary key to your wallet. Save it
securely.
Set your password
Password is required to both open your wallet, and to perform any transactions.
You are in!
Now you are all set to explore the crypto world! Welcome to freedom!
Friendly tip: Having your passphrase on a sticky note under a keyboard might not be the best way to
store it.