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docs/depin_specs/miscellaneous_depin_projects/livepeer.md
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# Livepeer
## Overview
Livepeer is a decentralized project that...
Livepeer is a decentralized video streaming network that allows users to share their computing power for video transcoding. It leverages blockchain technology to create a more efficient and cost-effective video streaming solution.
## Key Features
- **Currency:** [Token Name]
- **Buying Currency:** Available on [Exchanges].
- **Currency:** LPT (Livepeer Token)
- **Buying Currency:** Available on exchanges like Binance and Coinbase.
- **Utility:**
- [Describe utility].
- [Describe staking or rewards].
- Used for network transactions and incentivizing video transcoding.
- Staking rewards for network validators.
- **Automation:**
- [Describe automation features].
- Smart contracts automate video transcoding and reward distribution.
- **Utility in the Project:**
- [Describe what users can do].
- **API:** [Yes/No, describe API].
- Users can earn LPT by sharing their computing power for video transcoding.
- Validators can stake LPT to secure the network and earn rewards.
- **API:** Yes, Livepeer provides an API for developers to integrate with their applications.
- **User Perspective:**
- [Describe how users interact with the project].
- Users can easily share their computing power and earn LPT tokens.
## How It Works
1. **Step 1:** [Describe step].
2. **Step 2:** [Describe step].
3. **Step 3:** [Describe step].
1. **Step 1:** Users connect their devices to the Livepeer Network.
2. **Step 2:** The network uses the shared computing power for video transcoding.
3. **Step 3:** Users earn LPT tokens based on the amount of computing power shared.
## Staking
- **Staking Requirements:** [Describe staking requirements].
- **Rewards:** [Describe rewards].
- **Staking Requirements:** Minimum of 10,000 LPT tokens to become a validator.
- **Rewards:** Validators earn a percentage of transaction fees and block rewards.
## API Documentation
For detailed API documentation, visit [API Docs Link].
For detailed API documentation, visit [Livepeer API Docs](https://docs.livepeer.org).
## Additional Resources
- [Official Website](https://example.com)
- [Community Forum](https://forum.example.com)
- [GitHub Repository](https://github.com/example)
- [Official Website](https://livepeer.org)
- [Community Forum](https://community.livepeer.org)
- [GitHub Repository](https://github.com/livepeer)