What makes Livepeer Token special?
The Livepeer token (LPT) is the native governance token of the Livepeer network, a decentralized video streaming platform built on the Ethereum blockchain. This token is primarily used for protocol governance, allowing holders to vote on network decisions such as upgrades and economic parameters. It also facilitates the network's operations by incentivizing those who perform and validate key services like video transcoding and distribution, essential for the network's functioning and scalability.