Livepeer to Hold AMA on Discord on June 11th

Livepeer will host an AMA on Discord on June 11th at 17:00 UTC. Refer to the official tweet by LPT: 🔥 Next Livepeer Fireside is June 11 at 1:00PM ET on Discord!Join us to hear:- AMA with Marko from the FrameWorks SPE with a deep dive into video engineering and what they’re building for the network- Spotlight with Peter from the AI SPESee you close to the fire!LPT InfoLivepeer is a decentralized protocol, leveraging the Ethereum blockchain to democratize the field of video processing. It provides an avenue for any participant to integrate video content into applications with a level of efficiency and cost-effectiveness that is superior to traditional solutions.Livepeer’s operation hinges on the principle of decentralized video processing, achieved by distributing transcoding tasks among a network of node operators. Transcoding is the crucial process of converting raw video files into an optimal format for each end user, factoring in variables like screen size and internet connectivity. This mechanism ensures an uninterrupted delivery of video content. The use of game theory, cryptoeconomic incentives, and smart contracts underpins Livepeer’s ability to foster a secure, reliable, and economical system of video processing.Livepeer“s native asset, the Livepeer token (LPT), plays a pivotal role in the network”s functioning. As an ERC-20 token, it not only ensures the network’s security but also equitably distributes video processing tasks among participants. Furthermore, it encourages active participation by incentivizing network roles. The stability, security, and robustness of the network scale in proportion to the amount of LPT committed to it.